The Macroeconomic Effects of Fund-Supported Adjustment Programs PDF Download
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451943822
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451943822
Category : Business & Economics
Languages : en
Pages : 40
Get Book
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author: Mr.Morris Goldstein
Publisher: International Monetary Fund
ISBN: 9780939934577
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
This is the second of a group of papers dealing with various aspects of Fund-supported adjustment Programs.
Author: Mr.Mohsin S. Khan
Publisher: International Monetary Fund
ISBN: 9780939934553
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
This is the first of a group of papers dealing with various aspects of Fund-supported adjustment programs. The other two, The Global Effects of Fund-supported Adjustment Programs by Morris Goldstein and Fund-Supported Programs, Fiscal Policy, and Income Distribution by the Fiscal Affairs Department, will also be published in the Fund's Occasional Paper Series.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451858310
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies and cover different country samples and time periods. This paper critically surveys the evidence yielded by the cross-country studies, paying special attention to the pros and cons of the respective empirical methodologies employed. These studies, particularly the more recent ones, conclude that IMF-supported programs have generally been successful in stabilizing the economy.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451947062
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
This paper examines the macroeconomic effects of IMF-supported adjustment programs. The evidence is reviewed for such effects, and new estimates are provided of these effects for 69 developing countries with programs during 1973–88. The empirical analysis indicates that in the short term, programs have led to an improvement in the current account and the balance of payments, a lowering of inflation, and a decline in growth. In the longer term, the positive effects of programs on the external balance and inflation are strengthened, and the adverse growth effects reduced.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1462384897
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This paper presents a study that examines the impact on poverty groups of the policy measures adopted under IMF-supported adjustment programs in seven countries. It examines the implications for various poverty groups of broad objectives, targets, and policies of the programs in the specific economic settings of the countries concerned. The paper describes the methodology used in the study, and summarizes the results of the study with regard to the distributional implications of the principal macroeconomic policy instruments adopted in connection with the programs.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557750136
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This paper presents a study that focuses on specific adjustment programs for limited periods and is aimed largely at analyzing the short-run implications of the policy measures. The longer run implications are also discussed whenever relevant, since much of the rationale for policies and many of the beneficial effects on the poor are likely to be realized over time. The study also notes any compensatory targeting measures oriented to the poor, together with their implications for the adjustment efforts and the political viability of the programs. These analyses may provide lessons for improving the design of future adjustment programs. The chapter also summarizes the sample countries and programs; and describes the methodology used in the study. The results of the study suggest that adjustment programs in general have important distributional implications. During the process of adjustment, it is inevitable that some social groups gain while others lose, particularly when adjustment is aimed at a shift in sectoral resource allocation.
Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
ISBN: 1498330002
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
A Fund-supported program is a package of envisaged policies which, combined with approved financing, is expected to achieve certain economic objectives such as fostering macroeconomic stability and orderly external adjustment, promoting growth and poverty reduction, and reducing vulnerability to future balance of payments problems or financial crises. This paper reviews experience with specific macroeconomic and structural policies intended to achieve these objectives.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9780939934645
Category : Business & Economics
Languages : en
Pages : 70
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Book Description
This is the third in a group of three papers dealing with various aspects of Fund-supported adjustment programs.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 9781589061224
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.
