The Feasibility of Alternative IMF-Type Stabilization Programs in Mexico, 1984-87
Abstract
In November 1982, Mexico announced an agreement with the International Monetary
Fund (IMF) on a program to ease the country's large foreign debt. Mexico may receive
nearly $4 billion worth of credit if the government reduces the deficit, raises taxes and curbs
imports. This article investigates whether an IMF program like this can work in Mexico
without a serious and immediate economic contraction. A model is constructed to examine
the impact of government fiscal activity under alternative stabilization programs. The
analysis suggests a critical element for success is the ability and willingness to raise tax
revenues
Description
Journal of Policy Modeling, November 1983.
Refereed Journal Article
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
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