haku: @indexterm UNEMPLOYMENT / yhteensä: 1236
viite: 370 / 1236
| Tekijä: | Ruggerone, L. |
| Otsikko: | Unemployment and inflationary finance dynamics at the early stages of transition |
| Lehti: | Economic Journal
1996 : MAR, VOL. 106:435, p. 483-494 |
| Asiasana: | ECONOMICS UNEMPLOYMENT INFLATION |
| Kieli: | eng |
| Tiivistelmä: | The issues of economies in transition have been a central topic in recent macroeconomic modelling. The attention of researchers has concentrated particularly on the speed of transition, and the sequence of restructuring and privatising the state sector. What seems to have been neglected so far are the monetary and financial issues, and the interaction of inflationary finance and real variables at the early stages of transition. This paper is an attempts to address these issues. The theoretical set-uprecently proposed by Aghion and Blanchard (1993) is modified to capture the lack of an efficient tax system, the absence of financial intermediaries, and the exploitation of seigniorage. |
SCIMA