This paper tries to uncover the reasons underlying the performance of the Moroccan economy. The author argues that wage moderation and judicious monetary policies were instrumental in restraining inflation. With one brief exception in 1983, monetary authorities remained firmly committed to eschew any inflationary financing of the budget deficit. This strategy could only succeed however because of the wide ranging system of credit and monetary regulations...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1991/03/31
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Рабочий документ в рамках исследования вопросов политики
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WPS631
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1
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1
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2010/07/01
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The macroeconomics of the public sector deficit : the case of Morocco
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inflation
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