Sri Lanka: Price Changes and the Poor

May 1, 1991

Preview Citation

Format: Chicago

Anne Marie Gulde. Sri Lanka: Price Changes and the Poor, (USA: International Monetary Fund, 1991) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines the short-run impact of Sri Lanka’s recent structural adjustment program on the poorest segments of society. While the ultimate goal of all macroeconomic adjustment programs is to overcome structural rigidities and put the economy on a sustainable growth path, some of the measures implemented, such as the liberalization of food and energy prices, cuts in subsidies and other budgetary spending, and exchange rate changes, may cause significant increases in relative prices faced by the poor. On the other hand, there are offsetting income effects even in the short run, such as adjustments in wages and output prices and retargeting of subsidies.

Subject: Consumption, Expenditure, Food prices, Income, Inflation, National accounts, Prices, Wages

Keywords: Adjustment program, Consumption, Devaluation, Factor price, Food prices, Income, Inflation, Price, Price change, Price effect, Price measure, Price movement, Prices of tradables, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1991/046
Stock No:

WPIEA0461991
ISBN:

9781451973709
ISSN:

1018-5941

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