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Book Cover
Author Choudhry, Nurun N. (Nurun Nabi), author

Title Uncontrolled markets and the inflationary process in a centrally planned economy / prepared by Nurun N. Choudhry
Published Washington, D.C. : International Monetary Fund, Research Department, 1989
Online access available from:
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Description 1 online resource (iii, 21 pages) : illustrations
Series IMF working paper ; WP/89/59
IMF working paper ; WP/89/59
Summary This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy leads to the emergence of forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources move into the uncontrolled market. Decontrol of prices and production of the controlled market is the optimal policy. The adoption of this policy facilitates an increase in income and aggregate demand, which raises the equilibrium prices and total production in the economy
Notes Print version record
Subject Central planning -- Effect of inflation on
Form Electronic book
Author International Monetary Fund, issuing body
ISBN 1455264504