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The IMF Approach to Economic Stabilization

Mr. Miguel A. SavastanoMr. Michael Mussa

出版	International Monetary Fund, 1999-07-01
主題	Business & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / GeneralBusiness & Economics / International / Economics
ISBN	14518983639781451898361
URL	http://books.google.com.hk/books?id=2thEgp9yukkC&hl=&source=gbs_api

註釋

This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.