Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela /

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in inflation. Counterintuitively, a devaluation of the official exchange rate could tempora...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cerra, Valerie
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2016.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2016/159
Online Zugang:Full text available on IMF

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