A Simple Monetary Model of a Shortage Economy

A Simple Monetary Model of a Shortage Economy
During the transition from a centrally planned economy to a market economy, many countries seem to have experienced some degree of macroeconomic instability. This paper attempts to provide a theoretical explanation of this phenomenon. The paper develops a simple monetary model and shows how macroeconomic stability can be achieved in a rigid... READ MORE...

Publication date: August 1992
ISBN 9781451960662
$15.00

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