Document Type
Discussion Paper
Publication Date
6-1-1991
CFDP Number
982
CFDP Pages
60
Abstract
The proposals in our policy memorandum on economic stabilization — a restrictive monetary policy and a fiscal policy that eliminates the government deficit — are shaped by our view that the Soviet Union today faces a mounting economic crisis. As we emphasized in our discussion in the policy memorandum, problems include issues of inefficient economic structures, distorted prices, large macroeconomic imbalances, divided government, and lack of popular support for steps to stabilize and restructure the economy.
Recommended Citation
Nordhaus, William D., "Stabilizing the Soviet Economy" (1991). Cowles Foundation Discussion Papers. 1225.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1225