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008    020129s1994    dcu     o    i00  0 eng d
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020    1-4623-1567-4
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035    (IMF)WPIEA0801994
035    (EXLCZ)993170000000054661
040    DcWaIMF |beng |erda
041    eng
100 1  Borensztein, Eduardo.
245 10 Economic Reform and Structural Adjustment in East European Industry / |cEduardo Borensztein, Jonathan Ostry.
264  1 Washington, D.C. : |bInternational Monetary Fund, |c1994.
300    1 online resource (18 pages)
336    text |btxt
337    computer |bc
338    online resource |bcr
490 1  IMF Working Papers
500    Bibliographic Level Mode of Issuance: Monograph
546    English
520 3  A consistent set of disaggregated industrial output data for four Eastern European countries is examined In order to determine the extent to which structural adjustment has taken place since the initiation of market-oriented reform. The latter created a massive relative price shock whose affects on the structure of the industrial sectors of these economies is shown to have been relatively small, at least one to two years after the reforms. An implication is that one argument in favor of more gradualist reform—based on the premise that more gradualism implies a smaller output cost in the short run—is questionable. By and large in these economies, the output cost associated with the removal of relative price distortions may still have to be faced.
588    Description based on print version record.
650  7 Business Fluctuations |2imf
650  7 Comparative Studies of Particular Economies |2imf
650  7 Cycles |2imf
650  7 Deflation |2imf
650  7 Economic sectors |2imf
650  7 Energy prices |2imf
650  7 Energy: Demand and Supply |2imf
650  7 Fiscal policy |2imf
650  7 General Aggregative Models: General |2imf
650  7 Industrial Organization: General |2imf
650  7 Industrial sector |2imf
650  7 Industries |2imf
650  7 Industries: General |2imf
650  7 Inflation |2imf
650  7 Macroeconomic risks |2imf
650  7 Macroeconomics |2imf
650  7 Macroeconomics: Production |2imf
650  7 National accounts |2imf
650  7 National income |2imf
650  7 Price Level |2imf
650  7 Prices |2imf
650  7 Public Administration |2imf
650  7 Public finance & taxation |2imf
650  7 Public Finance |2imf
650  7 Public financial management (PFM) |2imf
650  7 Public Sector Accounting and Audits |2imf
650  7 Studies of Particular Policy Episodes |2imf
651  7 Hungary |2imf
776     |z1-4519-5550-2
776     |z1-4552-5746-X
700 1  Ostry, Jonathan.
830  0 IMF Working Papers; Working Paper ; |vNo. 1994/080
906    BOOK