02054cas a2200241 a 4500 AALejournalIMF010558 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947045 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 36 No. 2. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (260 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper proposes a model that can serve as a starting point for the development of a generalized framework that can analyse issues in adjustment with growth. The two main building blocks of this model are the monetary approach to the balance of payments, used often in designing short-term stabilization programs geared toward balance of payments and inflation targets, and a simple version of the open-economy neoclassical growth model. the present model can be viewed as a first step in the development of a conceptual framework within which to design growth-oriented adjustment programs. The simplicity of the model is certainly a virtue; it is easily understood and can be readily applied with a minimal amount of information. From an operational perspective, particularly in countries where data are limited and of uneven quality, this latter feature takes on considerable importance. It would seem pointless to design complex models that cannot be applied because they have extremely demanding information requirements. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1989/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1989/002/024.1989.issue-002-en.xml IMF e-Library