ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by P NandakumarSubscribe to P Nandakumar

On IMF s Financial Stabilisation Model

On IMF's Financial Stabilisation Model P Nandakumar IN an article that has received the attention it richly deserves, Ranjit Sau [1992a] has dissected the financial model of stabilisation in vogue with the economics staff at the International Monetary Fund, superimposed a general equilibrium model on its disputed structure, and shown that the conclusions for stabilisation policy emanating from it appear ambiguous in such a more complete setting. The present article complements or modifies Sau's analysis in the following ways, indicating that the issue is more complex than what transpires from Sau's article
Back to Top