Forced Savings and Repressed Inflation in the Soviet Union: Some Empirical Results
In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances (monetary overhang). In those countries a monetary overhang is primarily a wealth overhang, which has to...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1991
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 91/55 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances (monetary overhang). In those countries a monetary overhang is primarily a wealth overhang, which has to be analyzed by evaluating deviations of actual from desired wealth holdings; this requires an empirical analysis of consumption and saving decisions. In this paper, we present estimates of a consumption function for the Soviet Union, from which an evaluation of the monetary overhang existing at the end of 1990 is derived |
| Beschreibung: | 1 Online-Ressource (62 p) |
| ISBN: | 1451847556 9781451847550 |
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| spelling | Bléjer, Mario I. Verfasser aut Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results Bléjer, Mario I Washington, D.C International Monetary Fund 1991 1 Online-Ressource (62 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 91/55 In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances (monetary overhang). In those countries a monetary overhang is primarily a wealth overhang, which has to be analyzed by evaluating deviations of actual from desired wealth holdings; this requires an empirical analysis of consumption and saving decisions. In this paper, we present estimates of a consumption function for the Soviet Union, from which an evaluation of the monetary overhang existing at the end of 1990 is derived Online-Ausg Cottarelli, Carlo Sonstige oth http://elibrary.imf.org/view/IMF001/02566-9781451847550/02566-9781451847550/02566-9781451847550.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bléjer, Mario I. Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results |
| title | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results |
| title_auth | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results |
| title_exact_search | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results |
| title_exact_search_txtP | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results |
| title_full | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results Bléjer, Mario I |
| title_fullStr | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results Bléjer, Mario I |
| title_full_unstemmed | Forced Savings and Repressed Inflation in the Soviet Union Some Empirical Results Bléjer, Mario I |
| title_short | Forced Savings and Repressed Inflation in the Soviet Union |
| title_sort | forced savings and repressed inflation in the soviet union some empirical results |
| title_sub | Some Empirical Results |
| url | http://elibrary.imf.org/view/IMF001/02566-9781451847550/02566-9781451847550/02566-9781451847550.xml |
| work_keys_str_mv | AT blejermarioi forcedsavingsandrepressedinflationinthesovietunionsomeempiricalresults AT cottarellicarlo forcedsavingsandrepressedinflationinthesovietunionsomeempiricalresults |