Fiscal policy during the demise of central planning : the transition to a market economy /
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| Author / Creator: | Feltenstein, Andrew, author. |
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| Imprint: | [Washington, D.C.] : International Monetary Fund, Research Department, [1990] |
| Description: | 1 online resource (30 pages) : illustrations. |
| Language: | English |
| Series: | IMF working paper ; WP/90/92 IMF working paper ; WP/90/92. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497480 |
| Summary: | This paper constructs an intertemporal general equilibrium model designed to examine an economy in transition from central planning to being market oriented. A numerical algorithm is developed to obtain a solution for the model. Simulations using stylized country-specific data examine the effects of price controls during the transition period, as well as of imposing taxes on returns to investment, and on interest earned on private savings. The paper concludes that, under certain circumstances, the taxation of investment as well as of private savings may have positive effects upon consumer welfare, if price distortions are sufficiently severe. |
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| Physical Description: | 1 online resource (30 pages) : illustrations. |
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
| Bibliography: | Includes bibliographical references (pages 27-30). |
| ISBN: | 1455240311 9781455240319 1462370136 9781462370139 |
| ISSN: | 2227-8885 |