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| Author: | Bennett, J. |
| Title: | Queuing and the price level under repressed inflation |
| Journal: | Oxford Economic Papers
1994 : JAN, VOL. 46:1, p. 68-82 |
| Index terms: | INFLATION PRICE LEVEL MONEY |
| Language: | eng |
| Abstract: | A simple queuing mechanism is incorporated into a model of repressed inflation to reflect the experience of Soviet-type economies. Comparative statics are examined, with particular attention to the effects of a higher money price level. If wage rates are all the same - though thresholds may be heterogeneous in other respects - all households gain from a higher money price. With wage-rate inequality low-wage-rate households may lose. In general queuing and the price level under repressed inflation are analyzed in this article. |
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