Inflation and the Black Market Exchange Rate in a Repressed Market

(25) Also, the black market rate grows proportionately to spending on each good. (26) C. Simulation of black market rate in two goods model The central bank supplies dollars through rationing in proportion to the export revenues (Xt) ...

Inflation and the Black Market Exchange Rate in a Repressed Market

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in inflation. Counterintuitively, a devaluation of the official exchange rate could temporarily reduce inflation. The model also explains how the hyper-depreciation of the black market exchange rate reflects prices in the most distorted goods markets.

More Books:

Fashion in the Age of the Black Prince
Language: en
Pages: 151
Authors: Stella Mary Newton
Categories: Art
Type: BOOK - Published: 1999 - Publisher: Boydell & Brewer

A close study of clothes worn by aristocratic families and their households at the time of the Black Prince - and of Chaucer - showing Europe-wide influences.
Aquatic Invasions in the Black, Caspian, and Mediterranean Seas
Language: en
Pages: 314
Authors: Henri J. Dumont, Tamara A. Shiganova, Ulrich Niermann
Categories: Science
Type: BOOK - Published: 2004-06-29 - Publisher: Springer Science & Business Media

The Mediterranean, Black, and Caspian Seas, the rivers and canals that connect them, and the enormous volume of shipping in the region, represent a conduit for aquatic invasion, whose consequences are only now beginning to be understood. This book provides an up-to-date overview of jelly invasions in the Ponto-Caspian which
Quarry in the Black
Language: en
Pages: 320
Authors: Max Allan Collins
Categories: Fiction
Type: BOOK - Published: 2016-10-04 - Publisher: Titan Books

With a controversial presidential election just weeks away, Quarry is hired to carry out a rare political assignment: kill the Reverend Raymond Wesley Lloyd, a passionate Civil Rights crusader and campaigner for the underdog candidate. But when a hate group out of Ferguson, Missouri, turns out to be gunning for
The operation of the drainage system in the black river upper morass project
Language: en
Pages:
Authors: Max Allan Collins
Categories: Fiction
Type: BOOK - Published: - Publisher: IICA

Books about The operation of the drainage system in the black river upper morass project
Management Recommendations for Improving Wildlife Habitat Degraded by Man in the Black Mountains, Death Valley National Monument
Language: en
Pages: 50
Authors: Charles L. Douglas
Categories: Bighorn sheep
Type: BOOK - Published: 1986 - Publisher:

Books about Management Recommendations for Improving Wildlife Habitat Degraded by Man in the Black Mountains, Death Valley National Monument