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A Conceptual Framework for Adjustment Policies

In: Policy Choices for the 1990s

Author

Listed:
  • Bela Balassa

    (The Johns Hopkins University)

Abstract

One may base the distinction between stabilization policies and adjustment policies on the policy measures applied or, alternatively, on the policy objectives pursued. While classification by policy measures would seem attractive, it encounters practical difficulties. Thus, the exchange rate is an important instrument for stabilization policies as well as for adjustment policies. Also, monetary and fiscal policies, which are central to stabilization, assume importance for adjustment as well.

Suggested Citation

  • Bela Balassa, 1993. "A Conceptual Framework for Adjustment Policies," Palgrave Macmillan Books, in: Policy Choices for the 1990s, chapter 3, pages 71-91, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13033-7_3
    DOI: 10.1007/978-1-349-13033-7_3
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