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A medium term macroeconomic framework of adjustment with growth (Английский)

This paper develops a medium-term macroeconomic framework for assessing the impact of structural adjustment policies on the economic performance of developing countries. The salient feature of this analytical framework lies in the integration of a real model of resource allocation with a monetary model of stabilization. This integration makes it feasible to evaluate structural adjustment policies that include both demand-management and supply-side...
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