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Stabilization policy : Brazil 1984 (Английский)

This paper analyzes a number of aspects of stabilization policy in Brazil. The first part evaluates the major trade-offs to alternate macroeconomic packages of exchange rate, monetary and fiscal policies for fulfilling a given external debt service. A conceptual framework is presented which expands upon standard macromodeling features in two key areas relevant to the Brazilian economy. Using this framework, examination of the alternative stabilization...
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