High tariffs, quantitative restrictions, and controls on foreign exchange - these and other restrictive measures characterize a closed economy and tend to impede its growth. Opening up an economy allows...
Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced...
Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced...
High tariffs, quantitative restrictions, and controls on foreign exchange - these and other restrictive measures characterize a closed economy and tend to impede its growth. Opening up an economy allows...
Although some discussions of stabilization see growth as more or less an assured product of appropriate stabilization, this paper argues that there is no guarantee that stabilization will lead to growth;...
By populism, this paper refers to an economic approach that emphasizes growth and income redistribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction...
The governments of developing countries are constrained in the effective implementation of domestic policy by the interlinkages of national and international financial markets. Domestic macroeconomic conditions...