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Taking Stock

In: The Yugoslav Economy under Self-Management

Author

Listed:
  • Ljubo Sirc

Abstract

Those who objected to the 1961 monetary stringency claimed that all it did was to slow down growth, while it could not stop inflation which was cost-push anyway (see p. 129) nor did it improve the production and investment structure. The main exponent of this view was Branko Horvat, who claimed that Yugoslav monetary policy was itself a source of fluctuations and called it, therefore, ‘(anti-) anti-cyclical’ (53, p. 141), but Bajt (NR 23. 2. 63) and others were of a very similar opinion.

Suggested Citation

  • Ljubo Sirc, 1979. "Taking Stock," Palgrave Macmillan Books, in: The Yugoslav Economy under Self-Management, chapter 7, pages 83-103, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04093-3_7
    DOI: 10.1007/978-1-349-04093-3_7
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