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Issues in Domestic Petroleum Pricing in Oil-Producing Countries
Gupta, Sanjeev - 2002
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in … implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these petroleum subsidies …-and also procyclical, complicating macroeconomic management. Nonetheless, the elimination of petroleum subsidies is often …
Persistent link: https://www.econbiz.de/10014401649
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Domestic Petroleum Product Prices and Subsidies : Recent Developments and Reform Strategies
Coady, David - 2007
The paper reviews recent developments in the pass-through of international to domestic petroleum product prices, in the …
Persistent link: https://www.econbiz.de/10014403012
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Ukraine Gas Pricing Policy : Distributional Consequences of Tariff Increases
Mitra, Pritha - 2012
Ukraine’s gas pricing policy subsidizes gas and heating for all households. As the cost of imported gas rises, this policy increasingly weighs on government finances, sustains energy over-consumption, dampens investment in delivery systems, and undermines incentives for domestic production....
Persistent link: https://www.econbiz.de/10014395628
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On Price Stability and Welfare
Yehoue, Etienne B. - 2012
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion (Blanchard, Dell’Ariccia, and Mauro, 2010) has been to raise inflation targets to provide more room...
Persistent link: https://www.econbiz.de/10014395686
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Price Reform and Durable Goods in the Transition to a Market Economy
Agénor, Pierre-Richard - 1993
The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock...
Persistent link: https://www.econbiz.de/10014396041
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A Simple Monetary Model of a Shortage Economy
Lin, Shoukang - 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 theoretical explanation of this phenomenon. The paper develops a simple monetary model and shows how...
Persistent link: https://www.econbiz.de/10014396123
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Policy Reform, Shadow Prices, and Market Prices
International Monetary Fund - 1988
How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how...
Persistent link: https://www.econbiz.de/10014396134
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Shortages Under Free Prices : The Case of Ukraine in 1992
Lane, Timothy D. - 1994
This paper examines the coexistence of free prices and shortages for a range of consumer goods in Ukraine during 1992. Enterprises making consumer goods were substantially free to set market-clearing prices. Yet, Ukraine’s official consumer market experienced continued shortages, while the...
Persistent link: https://www.econbiz.de/10014396156
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Market-Oriented Reform of Foreign Trade in Planned Economies
International Monetary Fund - 1990
This paper reviews the main features of market-oriented foreign trade reforms in planned economies. It considers reform initiatives aimed at expanding enterprise autonomy and breaking up the state monopoly of foreign trade, modifying the exchange rate system, and reforming the domestic price...
Persistent link: https://www.econbiz.de/10014396296
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Moderate Inflation in Poland : A Real Story
Pujol, Thierry - 1996
Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price...
Persistent link: https://www.econbiz.de/10014396493