Savings and Stabilization Policy in a Pre-Post-Socialist Economy
构建了一个改革中的社会主义经济宏观模型，分析排队与储蓄行为，发现立即放开价格是最优政策，能提高福利并最终降低实际价格。
A simple macroeconomic model of a reforming socialist economy is presented with queuing in period one but market-clearing prices in period two. If queues grow longer, each household chooses to save more, not because it is 'forced' but to economize on queuing effort. For the benchmark case (perfect foresight), immediate price liberalization is the government's optimal policy. It raises welfare (the more so, the greater is the monetary overhang) and in terms of full prices it is deflationary, at least eventually. The model then is modified to allow for indexation, a resale market, adaptive expectations, and limited credibility. Copyright 1995 by Ohio State University Press.