The theoretical trap of the stabilization policy

Luiz Carlos Bresser-Pereira () and Yoshiaki Nakano ()

Brazilian Journal of Political Economy, 1984, vol. 4, issue 4, 457-464

Abstract: This piece offers a critique of the theoretical background used by theInternational Monetary Fund as reference for its stabilization programs. It also sheds lighton the role of interest on old debt and the differences between the monetarist and Keynesianapproach to balance of payments. JEL Classification: F34, H63.

Keywords: debt crisis; foreign debt; stabilization (search for similar items in EconPapers)
Date: 1984
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