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

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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

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