Output gains from economic stabilization 1 An earlier version of this paper was written while the author was a Visiting Scholar in the Capital Markets and Financial Studies Division of the Research Department of the International Monetary Fund. That version appeared as `The Path of Output from Plan to Market,' Working Paper 94/71, International Monetary Fund, 1994. The author is grateful for the hospitality of the Fund and for comments and suggestions received from colleagues there, from participants in seminars and conferences in Aarhus, Bergen, Budapest, Helsinki, Hong Kong, Istanbul, Maastricht, Reykjavı́k, Stockholm, and Vienna, and from two anonymous referees. Support from the Swedish Council for Humanistic and Social Science Research (HSFR) is also gratefully acknowledged. 1
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Output gains from economic stabilization 1 An earlier version of this paper was written while the author was a Visiting Scholar in the Capital Markets and Financial Studies Division of the Research Department of the International Monetary Fund. That version appeared as `The Path of Output from Plan to Market,' Working Paper 94/71, International Monetary Fund, 1994. The author is grateful for the hospitality of the Fund and for comments and suggestions received from colleagues there, from participants in seminars and conferences in Aarhus, Bergen, Budapest, Helsinki, Hong Kong, Istanbul, Maastricht, Reykjavı́k, Stockholm, and Vienna, and from two anonymous referees. Support from the Swedish Council for Humanistic and Social Science Research (HSFR) is also gratefully acknowledged. 1
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