A Conceptual Framework for Adjustment Policies

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter 3 in Policy Choices for the 1990s, 1993, pp 71-91 from Palgrave Macmillan

Abstract: Abstract One may base the distinction between stabilization policies and adjustment policies on the policy measures applied or, alternatively, on the policy objectives pursued. While classification by policy measures would seem attractive, it encounters practical difficulties. Thus, the exchange rate is an important instrument for stabilization policies as well as for adjustment policies. Also, monetary and fiscal policies, which are central to stabilization, assume importance for adjustment as well.

Keywords: Exchange Rate; Foreign Direct Investment; Price Control; Public Enterprise; Stabilization Policy (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13033-7_3

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DOI: 10.1007/978-1-349-13033-7_3

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