Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy:
This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy leads to the emergence of forces that generate inflation in the uncontrolled market, an...
Gespeichert in:
| Körperschaft: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1989
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| Schriftenreihe: | IMF Working Papers
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| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy leads to the emergence of forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources move into the uncontrolled market. Decontrol of prices and production of the controlled market is the optimal policy. The adoption of this policy facilitates an increase in income and aggregate demand, which raises the equilibrium prices and total production in the economy |
| Beschreibung: | 1 Online-Ressource (28 p) |
| ISBN: | 1451965591 9781451965599 |
Internformat
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| index_date | 2024-07-03T20:13:17Z |
| indexdate | 2024-07-10T09:35:24Z |
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| spelling | International Monetary Fund Verfasser aut Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy Washington, D.C International Monetary Fund 1989 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy leads to the emergence of forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources move into the uncontrolled market. Decontrol of prices and production of the controlled market is the optimal policy. The adoption of this policy facilitates an increase in income and aggregate demand, which raises the equilibrium prices and total production in the economy Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15669-9781451965599/15669-9781451965599/15669-9781451965599.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_auth | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_exact_search | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_exact_search_txtP | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_full | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_fullStr | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_full_unstemmed | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_short | Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy |
| title_sort | uncontrolled markets and the inflationary process in a centrally planned economy |
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