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