FORAM OS PROGRAMAS DE ESTABILIZAÇÃO DO FMI CONTRACIONISTAS NAS DÉCADAS DE 80 E 90?

Ronaldo José Pereira Távora, Roberto Moraes and Eduardo Ribeiro

Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] from ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics]

Abstract: In the last years different alternative methods have been used to evaluate the results of the International Monetary Fund (IMF) stabilization programs. The most popular method is also the one that presents more problem of reliability of the estimates. The most sophisticated methods are the ones that face difficulties in applying it. Considering this, the objective of the article is to join the econometric techniques to practical application by adapting the methodology used in studies of labor market (differences-in-differences). The main results of the work showed that the IMF policies could not be charged as responsible of "growth-destructive" in the middle run. At the other side, the IMF allegation that its policies catalyze economic growth could be sustained. Also, the results showed that IMF policies were not sufficient to eliminate external problems in the middle/long run, but functioned as an extenuating measure to the problems and suggested a relation of "dependency" of the countries to the Fund.

JEL-codes: F33 F34 F35 (search for similar items in EconPapers)
Date: 2004
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