Economic Stabilization and Growth in Portugal

April 15, 1981

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Hans O. Schmitt Economic Stabilization and Growth in Portugal, (USA: International Monetary Fund, 1981) accessed September 20, 2024

Summary

This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a balance-of-payments constraint was new to Portugal. The paper reviews the issues that had to be resolved to develop an effective program. The economic outturn is also critically examined in this paper.

Subject: Credit, Economic sectors, Exchange rates, Exports, International trade, Labor, Monetary expansion, Monetary policy, Money, Public sector, Real wages

Keywords: Africa, Balance of payments constraint, Credit, Deficit, Deficit equivalent, Europe, Exports, Import bill, Monetary expansion, OP, Portuguese balance of payments, Public sector, Real wages, Section III, Western Europe, Whatever rigidity, World petroleum price

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1981/001
Stock No:

S002EA0000000
ISBN:

9781557750617
ISSN:

0251-6365

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