Should Price Reform Proceed Gradually Or in a "big Bang"?
Sweder van Wijnbergen
Jan 1991 · Policy, research, and external affairs working papers Book 702 · World Bank Publications
Ebook
29
Pages
About this ebook
In a big bang. Under gradual decontrol, speculation and hoarding create shortages which make reformist governments vulnerable to early perceptions of failure - a strong argument against gradualism in the decontrol of prices.
In a big bang. Under gradual decontrol, speculation and hoarding create shortages which make reformist governments vulnerable to early perceptions of failure - a strong argument against gradualism in the decontrol of prices.
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