Should countries such as Poland or the USSR move toward more flexible prices gradually or in a "big bang?" Why is it that governments committed to eventual price flexibility so often seem to be unable to let go of "temporary" controls? Why, after price increases early in a program of price controls, does output often rise at the same time that shortages seem to increase? The author argues that intertemporal speculation, hoarding, and the political...
更多显示
详细
-
1991/06/30
-
政策研究报告
-
WPS702
-
1
-
1
-
2010/07/01
-
Should price reform proceed gradually or in a "big bang?"
-
supply response