A macroeconomic model for centrally planned economies

Barry W. Ickes

doi:10.1016/0164-0704(90)90054-E

A macroeconomic model for centrally planned economies

Barry W. Ickes

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Aggregate analysis of centrally planned economies suffers from the absence of a theoretical framework. The purpose of this paper is to supply such a framework. We develop a dynamic disequilibrium model which traces out the effects of planners' decisions. The model focuses on how current period decisions affect the development of opportunities over time. We show how cycles may develop under central planning with rational expectations and discuss some extensions.

Original language	English (US)
Pages (from-to)	23-45
Number of pages	23
Journal	Journal of Macroeconomics
Volume	12
Issue number	1
DOIs	https://doi.org/10.1016/0164-0704(90)90054-E
State	Published - 1990

All Science Journal Classification (ASJC) codes

Economics and Econometrics

Access to Document

10.1016/0164-0704(90)90054-E

Cite this

@article{37bdc54f08ad4ccd9941155c3ff71f71,

title = "A macroeconomic model for centrally planned economies",

abstract = "Aggregate analysis of centrally planned economies suffers from the absence of a theoretical framework. The purpose of this paper is to supply such a framework. We develop a dynamic disequilibrium model which traces out the effects of planners' decisions. The model focuses on how current period decisions affect the development of opportunities over time. We show how cycles may develop under central planning with rational expectations and discuss some extensions.",

author = "Ickes, {Barry W.}",

year = "1990",

doi = "10.1016/0164-0704(90)90054-E",

language = "English (US)",

volume = "12",

pages = "23--45",

journal = "Journal of Macroeconomics",

issn = "0164-0704",

publisher = "Elsevier B.V.",

number = "1",

}

TY - JOUR

T1 - A macroeconomic model for centrally planned economies

AU - Ickes, Barry W.

PY - 1990

Y1 - 1990

N2 - Aggregate analysis of centrally planned economies suffers from the absence of a theoretical framework. The purpose of this paper is to supply such a framework. We develop a dynamic disequilibrium model which traces out the effects of planners' decisions. The model focuses on how current period decisions affect the development of opportunities over time. We show how cycles may develop under central planning with rational expectations and discuss some extensions.

AB - Aggregate analysis of centrally planned economies suffers from the absence of a theoretical framework. The purpose of this paper is to supply such a framework. We develop a dynamic disequilibrium model which traces out the effects of planners' decisions. The model focuses on how current period decisions affect the development of opportunities over time. We show how cycles may develop under central planning with rational expectations and discuss some extensions.

UR - http://www.scopus.com/inward/record.url?scp=44949288812&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=44949288812&partnerID=8YFLogxK

U2 - 10.1016/0164-0704(90)90054-E

DO - 10.1016/0164-0704(90)90054-E

M3 - Article

AN - SCOPUS:44949288812

SN - 0164-0704

VL - 12

SP - 23

EP - 45

JO - Journal of Macroeconomics

JF - Journal of Macroeconomics

IS - 1

ER -

A macroeconomic model for centrally planned economies

Abstract

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this