, exchange rates, money stock, nominal wages, and real output, and conducts I(1) and I(2) cointegration analyses. Post-stabilization … monthly data are used, 1991:5-1999:12. A test for the presence of a price-wage spiral is performed, and the stabilization …

government's state trading companies. While later monetary and fiscal tightening sustained the stabilization achieved in March … stabilization than fiscal balance alone. Copyright Kluwer Academic Publishers 1999 …