Format:
Online-Ressource (37 p)
Edition:
Online-Ausg.
ISBN:
1451855397
,
9781451855395
Series Statement:
IMF Working Papers Working Paper No. 02/132
Content:
This paper reviews the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, focusing on considerations relevant to policymakers. It points out that the debate between the protagonists of a high-speed approach and those favoring a gradualist approach is based primarily on the weights given to adjustment costs, policy credibility, reform feasibility, and risk assessment. It underscores the importance of appropriate sequencing and the impact of sequencing on the speed of adjustment and reforms. The paper concludes by highlighting factors that policymakers should consider when selecting their approach toward speed and sequencing
Additional Edition:
Erscheint auch als Druck-Ausgabe Nsouli, Saleh The Speed of Adjustment and the Sequencing of Economic Reforms: Issues and Guidelines for Policymakers Washington, D.C. : International Monetary Fund, 2002 ISBN 9781451855395
Language:
English
DOI:
10.5089/9781451855395.001
