The theoretical trap of the stabilization policy

Vol. 4 No. 4 (1984)

Oct-Dec / 1984
Published October 1, 1984
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bresser-Pereira, Luiz Carlos, and Yoshiaki Nakano. 1984. “The Theoretical Trap of the Stabilization Policy”. Brazilian Journal of Political Economy 4 (4):457-64. https://doi.org/10.1590/0101-31571984-4146.
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The theoretical trap of the stabilization policy

Luiz Carlos Bresser-Pereira
Escola de Administração de Empresas de São Paulo da Fundação Getúlio Vargas. São Paulo/SP, Brasil.
Yoshiaki Nakano
Escola de Administração de Empresas de São Paulo da Fundação Getúlio Vargas. São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 4 No. 4 (1984), Oct-Dec / 1984, Pages 457-464

Abstract

This piece offers a critique of the theoretical background used by the
International Monetary Fund as reference for its stabilization programs. It also sheds light
on the role of interest on old debt and the differences between the monetarist and Keynesian
approach to balance of payments.

JEL Classification: F34, H63.


Keywords: debt crisis foreign debt stabilization

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