| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP758 |
| DP758 Macroeconomic Equilibrium and Reform in a Transitional Economy | |
| Huw David Dixon | |
| 发表日期 | 1993-01-31 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | We build a general equilibrium macroeconomic model of a transitional economy to reflect five stylized facts. Among these are that central planning has left a legacy of highly concentrated industry and a residue of price controls and rationing. An `almost Classical' dichotomy obtains in the model: monetary expansion leaves output and unemployment unchanged (despite the existence of unemployment), though leisure time declines. The economy displays a high degree of complementarity between the state-controlled sector and the private sector, however, giving rise to multiplier effects. We analyse the effects of price liberalization and privatization in this framework. |
| 主题 | International Macroeconomics |
| 关键词 | Imperfect competition Macroeconomics Transitional economy |
| URL | https://cepr.org/publications/dp758 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529912 |
| 推荐引用方式 GB/T 7714 | Huw David Dixon. DP758 Macroeconomic Equilibrium and Reform in a Transitional Economy. 1993. |
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