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Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy

Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy »

Source: Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy

Volume/Issue: 1989/59

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 July 1989

ISBN: 9781451965599

Keywords: inflation, wage, inflationary gap, wage rate, wages

This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy l...

Unemployment in Spain: Causes and Remedies

Unemployment in Spain: Causes and Remedies »

Source: Finance & Development, September 1995

Volume/Issue: 32/3

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

ISBN: 9781451952193

Keywords: wages, wage, labor market, minimum wages, minimum wage

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

V. Monetary Policy

V. Monetary Policy »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

What role did monetary policy play in the adjustment process in Thailand, and what were the consequences for investment and output? In view of the fixed exchange rate and the relatively open capital account,...

V Private Investment

V Private Investment »

Source: Reinvigorating Growth in Developing Countries : Lessons from Adjustment Policies in Eight Economies

Series: Occasional Papers

Author(s): Kalpana Kochhar , Erik Offerdal , Louis Dicks-Mireaux , Mauro Mecagni , Jianping Zhou , Balázs Horváth , David Goldsbrough , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 1996

ISBN: 9781557755599

Keywords: inflation, terms of trade, private investment, external financing, wages

The cross-country evidence discussed in Section III confirmed that the absence of a stable environment for economic decision making is an important impediment to private investment. Yet progress toward macro...

VI. Labor Markets

VI. Labor Markets »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

This section examines the role of labor markets in the adjustment process. In particular, it examines the role of labor market and wage flexibility in bringing about the rapid resource reallocation necessita...

VI Saving

VI Saving »

Source: Reinvigorating Growth in Developing Countries : Lessons from Adjustment Policies in Eight Economies

Series: Occasional Papers

Author(s): Kalpana Kochhar , Erik Offerdal , Louis Dicks-Mireaux , Mauro Mecagni , Jianping Zhou , Balázs Horváth , David Goldsbrough , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 1996

ISBN: 9781557755599

Keywords: inflation, terms of trade, private investment, external financing, wages

Most empirical evidence suggests that there is a strong and robust positive correlation between the rate of national saving and GDP growth. 47 Although the direction of causality...

VII Role of External Financing

VII Role of External Financing »

Source: Reinvigorating Growth in Developing Countries : Lessons from Adjustment Policies in Eight Economies

Series: Occasional Papers

Author(s): Kalpana Kochhar , Erik Offerdal , Louis Dicks-Mireaux , Mauro Mecagni , Jianping Zhou , Balázs Horváth , David Goldsbrough , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 1996

ISBN: 9781557755599

Keywords: inflation, terms of trade, private investment, external financing, wages

An increased availability of external financing during adjustment can facilitate growth by financing higher investment, helping to avoid sharp declines in domestic absorption or imports, and improving confid...

VII. Structural Reforms

VII. Structural Reforms »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

This section focuses on the role that structural reforms have played in generating Thailand’s sustained, rapid economic growth during the past two decades. At the outset, it should be noted that the difficul...

VIII. Conclusions

VIII. Conclusions »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

Thailand’s adjustment experience during the past 15 years or so has, in general, been impressive. Despite having faced relatively large adverse external shocks in the late 1970s and early 1980s, Thailand, un...

VIII Structural Reforms

VIII Structural Reforms »

Source: Reinvigorating Growth in Developing Countries : Lessons from Adjustment Policies in Eight Economies

Series: Occasional Papers

Author(s): Kalpana Kochhar , Erik Offerdal , Louis Dicks-Mireaux , Mauro Mecagni , Jianping Zhou , Balázs Horváth , David Goldsbrough , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 1996

ISBN: 9781557755599

Keywords: inflation, terms of trade, private investment, external financing, wages

Structural reforms aimed at increasing the role of the market and the private sector can enhance growth by improving the efficiency of resource allocation and by expanding the productive capacity of the econ...