Macroeconomic Models for Adjustment in Developing Countries

Description

This volume examines recent IMF-developed empirical macroeconomic models dealing with adjustment and stabilization policies in developing countries. Some models are relevant for specific countries, and others relate to groups of developing countries. Cover Contents Foreword List of Authors 1. Introduction 2. A Model of Adjustment and Growth: An Empirical Analysis 3. Stabilization Programs in Developing Countries: A Formal Framework 4. Prices, Output, and the Trade Balance in Iran 5. Oil Wealth and Economic Behavior: The Case of Venezuela, 1965–81 6. Financial, Exchange Rate, and Wage Policies in Singapore, 1979–86 7. Domestic Credit and Exchange Rates in Developing Countries: Some Policy Experiments with Korean Data 8. Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange: A Formal Framework 9. A Macroeconomic Model for Developing Countries 10. Dynamic Responses to Policy and Exogenous Shocks in an Empirical Developing Country Model with Rational Expectations 11. A Forward-Looking Macroeconomic Simulation Model for a Developing Country