Sri Lanka: Price Changes and the Poor

26 Pages Posted: 15 Feb 2006

See all articles by Anne-Marie Gulde

Anne-Marie Gulde

International Monetary Fund (IMF)

Date Written: May 1991

Abstract

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.

JEL Classification: I32, I38, 015

Suggested Citation

Gulde, Anne-Marie, Sri Lanka: Price Changes and the Poor (May 1991). IMF Working Paper No. 91/46, Available at SSRN: https://ssrn.com/abstract=884796

Anne-Marie Gulde (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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