 | A Simple Monetary Model of a Shortage Economy Author/Editor: Shoukang Lin. Release Date:August, 1992 During the transition from a centrally planned economy to a market economy, many countries seem to have experienced some degree of macroeconomic instability. This paper attempts to provide a more...
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| Can the Release of a Monetary Overhang Trigger Hyperinflation? Author/Editor: Kent Osband, Shoukang Lin. Release Date:March, 1992 It is widely feared that, once prices are decontrolled in the formerly centrally–planned economies, households’ release of previously accumulated money will trigger a more...
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