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The theoretical trap of the stabilization policy

Author

Listed:
  • Luiz Carlos Bresser-Pereira
  • Yoshiaki Nakano

Abstract

This piece offers a critique of the theoretical background used by theInternational Monetary Fund as reference for its stabilization programs. It also sheds lighton the role of interest on old debt and the differences between the monetarist and Keynesianapproach to balance of payments. JEL Classification: F34, H63.

Suggested Citation

  • Luiz Carlos Bresser-Pereira & Yoshiaki Nakano, 1984. "The theoretical trap of the stabilization policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 4(4), pages 457-464.
    • Handle: RePEc:ekm:repojs:v:4:y:1984:i:4:p:457-464:id:1910
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1910/1896
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    More about this item

    Keywords

    debt crisis; foreign debt; stabilization;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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