English, Article, Journal or magazine article edition: Macroeconomic structure and policy in Zimbabwe, analysis and empirical model : 1965-1988 Elbadawi, Ibrahim A.; Schmidt-Hebbel, Klaus

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Bookmark: http://trove.nla.gov.au/version/117915
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Macroeconomic structure and policy in Zimbabwe, analysis and empirical model : 1965-1988
Author
  • Elbadawi, Ibrahim A.
  • Schmidt-Hebbel, Klaus
Physical Description
  • preprint
Notes
  • The authors develop and apply a macroeconomic general equilibrium model for Zimbabwe. The country faces the challenge of engaging in a program of fiscal stabilization and structural reform to address its current fiscal imbalance, high unemployment, and low growth prospects. The authors discuss macroeconomic changes over the last two decades, provide a model of the macroeconomic structure, and estimate aggregate equations for the main goods and asset markets. The macroeconomic framework they model integrates three features of the country's macroeconomy: (a) the noninflationary and almost exclusively domestic financing of the public sector deficit, which has been similar in gross terms to the private sector surplus; (b) sustained negative or low real interest rates, together with no apparent sign of excess demand in credit markets; and (c) the fact that sustained, high growth has never materialized after the dramatic economic declines of the late 1970s that resulted from economic sanctions and civil war.
  • Economic Theory&​Research,Environmental Economics&​Policies,Economic Stabilization,Macroeconomic Management,Financial Intermediation
  • RePEc:wbk:wbrwps:771
Language
  • English
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