Plans and Disequilibria in Centrally Planned Economies
Empirical Investigations for Poland
- 1st Edition, Volume 159 - May 1, 1988
- Imprint: North Holland
- Authors: W. Charemza, M. Gronicki
- Language: English
- Paperback ISBN:9 7 8 - 1 - 4 9 3 3 - 0 8 1 0 - 1
- eBook ISBN:9 7 8 - 1 - 4 8 3 2 - 9 7 4 7 - 7
The purpose of this study is to investigate interrelations between planning mechanisms and disequilibria in a case where the planning decisions are centralized and are exogenously… Read more
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Request a sales quoteThe purpose of this study is to investigate interrelations between planning mechanisms and disequilibria in a case where the planning decisions are centralized and are exogenously given to enterprises.
The first introductory chapter is intended to provide an understanding of Poland's economic situation during the period under research. In the next five chapters the basic model, describing the households-planners relations in terms of consumption, labour, money and plans are derived, estimated, used for calculation of excess demands, for simulation of some monetary policies, and, finally, for providing optimal control experiments in which consumption excess demand is minimized on a reasonable level of the consumption volume. In the next two chapters the basic model is gradually extended, and the last chapter summarizes the results by formulating a more effective macroeconomic policy.
The first introductory chapter is intended to provide an understanding of Poland's economic situation during the period under research. In the next five chapters the basic model, describing the households-planners relations in terms of consumption, labour, money and plans are derived, estimated, used for calculation of excess demands, for simulation of some monetary policies, and, finally, for providing optimal control experiments in which consumption excess demand is minimized on a reasonable level of the consumption volume. In the next two chapters the basic model is gradually extended, and the last chapter summarizes the results by formulating a more effective macroeconomic policy.
Foundations. Background: Facts and Figures from Polish Economic History. The Theoretical Model. Consumption-Labour-Money Analysis. Econometric Model and its Estimation. Estimates of Disequilibria and their Effects. Internal Monetary Policies. Searching for an Optimal Monetary Policy. Extensions. Disequilibria and Investments: Some Inward Policies. Disequilibria and Foreign Trade: Some External Policies. Summary and Conclusions: The Best Ex-Post Scenario? Appendixes.
- Edition: 1
- Volume: 159
- Published: May 1, 1988
- No. of pages (eBook): 0
- Imprint: North Holland
- Language: English
- Paperback ISBN: 9781493308101
- eBook ISBN: 9781483297477
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