Due to the critical linkages between macroeconomic policy and trade liberalization, this paper discusses how the two should be conducted simultaneously. To set the stage for this discussion, section 2 describes the critical features of the economic environment in the country pursuing a more liberalization effort and its likely longer-run effects on resource allocation. The first macroeconomic policy to be considered explicitly, in sections 3 and 4...
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1985/08/31
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Рабочий документ департамента
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CPD8628
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1
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1
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2017/11/15
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Disclosed
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Macroeconomic policy and trade liberalization
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