This paper asks if there is anything useful that economists can say about minimizing the real costs of stabilization and the structural adjustment entailed by reforming various inefficient microscopic policies in the economy. Of particular concern are the effects of these policies on real wage and real profit rates in the economy. The paper first outlines a version of the orthodox trade theoretic treatment of the small, open economy which is sufficiently...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1984/03/31
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Рабочий документ персонала
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SWP636
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1
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1
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2010/07/01
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The real effects of stabilization and structural adjustment policies : an extension of the Australian adjustment model
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real wage
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