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General Equilibrium Under Shortage

General Equilibrium Under Shortage »

Source: General Equilibrium Under Shortage : A Generalized Barro-Grossman Model

Volume/Issue: 1991/59

Series: IMF Working Papers

Author(s): Kent Osband

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1991

ISBN: 9781451965667

Keywords: black market, real money, inflation, general equilibrium

In several recent articles, the Barro-Grossman model of general equilibrium under shortage has been modified to incorporate money demand and alternative retail sales mechanisms. This paper extends this work to allo...

Dollarization in Latin America: Gresham’s Law in Reverse?

Dollarization in Latin America: Gresham’s Law in Reverse? »

Source: IMF Staff papers : Volume 39 No. 3

Volume: 39

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451973174

Keywords: black market, foreign investment, trade liberalization, administered price, market liberalization

This paper examines market liberalization policies in a reforming socialist economy. The aim of this paper is to develop a model of such a reforming socialist economy and to explore the consequences of market-orien...

Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics

Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics »

Source: Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics

Volume/Issue: 1996/56

Series: IMF Working Papers

Author(s): Vincent Bodart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451968378

Keywords: exchange rate, exchange rates, foreign exchange, black market

The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the exper...

A Simple Monetary Model of a Shortage Economy

A Simple Monetary Model of a Shortage Economy »

Source: A Simple Monetary Model of a Shortage Economy

Volume/Issue: 1992/69

Series: IMF Working Papers

Author(s): Shoukang Lin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1992

ISBN: 9781451960662

Keywords: Centrally planned economies, Economic models, Price controls, wage, black market, wages, inflation, money supply

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...

Once Again, is Openness Good for Growth?1

Once Again, is Openness Good for Growth?1 »

Source: Once Again, is Openness Good for Growth?

Volume/Issue: 2004/135

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451855739

Keywords: Trade openness, endogeneity, identification through heteroskedasticity, black market, equations, equation, black market premium, correlation, Trade: General, Economic Growth of Open Economies

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to ad...

Inflation and Conflict in Iraq

Inflation and Conflict in Iraq »

Source: Inflation and Conflict in Iraq : The Economics of Shortages Revisitedont

Volume/Issue: 2010/159

Series: IMF Working Papers

Author(s): Udo Kock , and David Grigorian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201426

Keywords: shortages, strategic behavior, black market, money supply, monetary policy, price level, Studies of Particular Policy Episodes, Socialist Enterprises and Their Transitions,

Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the...

Will there Be New Emerging-Market Economies in Africa b+L2280y the Year 2020?

Will there Be New Emerging-Market Economies in Africa b+L2280y the Year 2020? »

Source: Will there Be New Emerging-Market Economies in Africa b+L2280y the Year 2020?

Volume/Issue: 2002/131

Series: IMF Working Papers

Author(s): Jean-Claude Berthélemy , and Ludvig Söderling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

ISBN: 9781451855296

Keywords: growth, labor reallocation, diversification, growth rates, tfp, terms of trade, gdp per capita, black market premium, Macroeconomic Analyses of Economic Development, Economywide Country Studies: Africa

This paper examines past African growth experience and attempts to simulate future ones. In addition to more commonly used determinants of total factor productivity, a measure of the effect of labor reallocation an...

General Equilibrium Under Shortage
			: A Generalized Barro-Grossman Model

General Equilibrium Under Shortage : A Generalized Barro-Grossman Model »

Volume/Issue: 1991/59

Series: IMF Working Papers

Author(s): Kent Osband

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1991

DOI: http://dx.doi.org/10.5089/9781451965667.001

ISBN: 9781451965667

Keywords: black market, real money, inflation, general equilibrium

In several recent articles, the Barro-Grossman model of general equilibrium under shortage has been modified to incorporate money demand and alternative retail sales mechanisms. This paper extends this work to allo...

Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics

Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics »

Volume/Issue: 1996/56

Series: IMF Working Papers

Author(s): Vincent Bodart

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

DOI: http://dx.doi.org/10.5089/9781451968378.001

ISBN: 9781451968378

Keywords: exchange rate, exchange rates, foreign exchange, black market

The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the exper...

Exchange-Rate Unification with Black Market Leakages
			: Russia 1992

Exchange-Rate Unification with Black Market Leakages : Russia 1992 »

Volume/Issue: 1993/13

Series: IMF Working Papers

Author(s): Linda Goldberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1993

DOI: http://dx.doi.org/10.5089/9781451924794.001

ISBN: 9781451924794

Keywords: Exchange markets, Russian Federation, foreign exchange, exchange rate, black market, exchange rates, market exchange rate

In 1992 Russia unified the multiple exchange rates that had applied to international transactions. This paper describes the multiple exchange rate system that existed in Russia prior to mid-1992 and undertakes a th...