首页 | 本学科首页   官方微博 | 高级检索  
     


Macroeconomic adjustment in Thailand: Demand management and supply conditions
Authors:Arne Drud  Wafik M. Grais
Affiliation:World Bank, USA
Abstract:Within the framework of a four-sector macroeconomic model for Thailand, comparative statics are used to assess alternative ways of macroeconomic adjustment. Fiscal policy interventions, manipulations of the exchange rate, and productivity improvements are discussed. Their implications in terms of income generation, external deficit, and inflation are derived. It is shown that only productivity improvements have positive effects on all indicators. Fiscal interventions lead to an improvement in the external deficit, but at the cost of income generation. The outcome of a devaluation is largely dependent on the behavior of factor prices.
Keywords:Address correspondence to Dr. Wafik Grais   Development Research Department   World Bank 1818 H Street   N.W.   Washington   DC 20433.
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号