Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy PDF Download
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451965591
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
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.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451965591
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
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.
Author: Marek D?browski
Publisher: World Bank Publications
ISBN:
Category : Capitalism
Languages : en
Pages : 56
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 472
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Book Description
Author: G.W Kolodko
Publisher: Springer Science & Business Media
ISBN: 940113894X
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
One would think states and peoples have had so many bad experiences with inflation that politicians at the helm of these states would do everything within their power to avoid inflation and, in particular, its very intensive shape, i. e. hyperinflation. However, this has not been the case. After the big inflations of the twenties and the post-war inflations of the fourties, we still witness intensive, economically, socially and politically extremely painful inflationary processes. And the eighties will be particularly engraved in history as a period in which the inflation has assumed an exceptionally dynamic character with respect to some countries. This regards, in the first place, Latin America, but not exclusively. Not without reason -as will be of particular intensity has also affected shown in this book -inflation countries which, according to the passed economic doctrine, were supposed to be completely immune from this economic illness. Most generally, the inflation can be assumed to be a uniform phenomenon which, in each case, can be described by a single, universal definition, while being divided into a number of forms and types distinguishable according to their original and secondary sources, their mechanisms, the ways of their manifestation as well as to their effects and the methods of counteracting them.
Author: Herbert Wilkens
Publisher: Duncker & Humblot
ISBN: 9783428491070
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
This publication contains a selection of papers presented at a conference discussing fundamental issues in the economics of transition, aspects of liberalization/privatization/stabilization and the experience of selected countries. The sessions lead to a number of hypotheses:- There is a need to analyze historical and economic aspects of phases of relative success of the socialist system of central planning- Next to the important role of distribution of personal incomes and wealth for the success of the transformation process, the question of "optimal change of personal income and wealth distribution" during the process of transformation has to be raised.- In assessing the costs and benefits of reform policies, any methodological approach should take into account an intertemporal perspective- How much does the EU continue protectionism against countries which will not become its members in the near future?- The role of the institutional environment shall not be neglected when analyzing the process of transition: financial markets e. g. are of great relevance for sound development.- An early status of independence for the central bank from public finance obligations appears to help to eliminate the monetary overhang.- A quick, almost instant liberalization strategy (countries of Central and Eastern Europe) seems to be more successful than gradual liberalization (Russia, Ukraine, Belarus) along with interventionism of trade policy.
Author: Sandor Richter
Publisher: Routledge
ISBN: 1000234606
Category : Political Science
Languages : en
Pages : 322
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Book Description
Now that the euphoria over political change has died down, the formerly socialist countries of Eastern and Central Europe are facing an economic crisis. The contributors to this well-established annual publication consider the key factors affecting the economic transition process, analyzing possible strategies for successful reform including the use of "shock theory" to accelerate the process. As well as examining various country-specific problems, the authors explore the status of the Central European countries seeking integration with the European Economic Community, and ask whether all the former socialist countries might do well to adopt some of the economic development strategies used so successfully by the nations of Southeast Asia.
Author: V. V. Ramanadham
Publisher: Routledge
ISBN: 1134903871
Category : Business & Economics
Languages : en
Pages : 617
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Book Description
Documents the recent developments in privatisation through 25 country case-studies. The studies outline the varying privatisation programmes, comparing them with material from developed, developing and former communist countries.
Author: Vincent Edwards
Publisher: Routledge
ISBN: 1134305591
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
This book examines the past, present and future of management in the transitional economies of East and Central Europe, Russia, the People's Republic of China, and Vietnam.
Author: United States. Congress. Senate. Committee on Human Resources. Subcommittee on Health and Scientific Research
Publisher:
ISBN:
Category : Infant formulas
Languages : en
Pages : 1526
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Book Description
Author: United States. Congress. Senate. Committee on Human Resources
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 1516
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Book Description
