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Macroeconomic adjustment, stabilization, and growth in reforming socialist economies : analytical and policy issues

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  • Solimano, Andres

Abstract

Current attempts at reform in Eastern European countries raise important issues of macroeconomic management in the transition from central planning to a market or mixed economy. This paper develops simple models, reviews empirical evidence and discusses policy issues associated with traditional socialist economies and those undergoing reform. Those issues involve inflation, growth, money overhang, disequilibrium in goods and labour markets and interactions between stabilization and growth.

Suggested Citation

  • Solimano, Andres, 1990. "Macroeconomic adjustment, stabilization, and growth in reforming socialist economies : analytical and policy issues," Policy Research Working Paper Series 399, The World Bank.
  • Handle: RePEc:wbk:wbrwps:399
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    References listed on IDEAS

    as
    1. Richard Portes, 1986. "The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies," NBER Working Papers 1875, National Bureau of Economic Research, Inc.
    2. Rudiger Dornbusch & Juan Carlos de Pablo, 1990. "The Process of High Inflation," NBER Chapters,in: Developing Country Debt and Economic Performance, Volume 2: Country Studies—Argentina, Bolivia, Brazil, Mexico, pages 77-91 National Bureau of Economic Research, Inc.
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