The Role of Labor Market Rigidities During the Transition : Lessons From Poland /
The transition to a market economy has been analyzed primarily from a stabilization prospective. To complement that approach, we focus on a pure relative price shock and subsequent price adjustments. A model of monopolistic competition with costly labor adjustment indicates that relative price shock...
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1996/077 |
| Accesso online: | Full text available on IMF |