An extended drought in 2014 and 2015 slowed Jamaica’s economic growth and diminished its prospects for poverty reduction. The government continues to make impressive progress in macroeconomic stabilization...
Over the 1980s and 1990s, GDP growth had stagnated because of oil export price volatility and natural disasters, the sacrifice of capital formation to heavy external public debt service, and incomplete...
The author describes a spread-sheet planning model to help determine the government deficit consistent with a policymaker's "vector" of principal macroeconomic objectives (including real GDP growth, inflation...
Under the August 1988 "Primavera" Plan and the July 1989 "Bunge y Born" Plan stabilization programs, the Argentine authorities sought to anchor the price level through an appreciated real exchange rate...
This paper discusses how Argentine efforts to stabilize inflation during 1988 and 1989 failed, and gave way to episodes of hyperinflation, because the public sector slipped into a debt-distress trap. In...