01992cas a2200241 a 4500 AALejournalIMF010579 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947267 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 15 No. 2. Washington, D.C. : International Monetary Fund, 1968. 1 online resource (194 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 discusses how three countries in Europe-Austria, Turkey, and Finland-emerged from a prolonged inflation, restored viable economies, and resumed economic growth in the 1950s. It also attempts to draw some conclusions based on their experience as well as the experience of some other countries. In mid-1949 the Austrian Government requested assistance from the IMF in the formulation of measures that could lead the economy out of the accelerating price-wage spiral. The key issue was to find a policy mix which would lessen the burden on the budget but would help to maintain full employment. Representatives of industry agreed to the stabilization program only after they were persuaded that it was only through the program that industries could hope to maintain the prosperity that they had enjoyed in the early post-war years. They also realized that it was only thus that they could be freed of detailed government regulations which had become onerous. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1968/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1968/002/024.1968.issue-002-en.xml IMF e-Library