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Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy

Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy »

Source: Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy

Volume/Issue: 1989/59

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 July 1989

ISBN: 9781451965599

Keywords: inflation, wage, inflationary gap, wage rate, wages

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 l...