Princeton University Library Catalog

Inflation and the Black Market Exchange Rate in a Repressed Market [electronic resource] : A Model of Venezuela / Valerie Cerra.

Author:
Cerra, Valerie [Browse]
Format:
Book
Language:
English
Published/​Created:
Washington, D.C. : International Monetary Fund, 2016.
Description:
1 online resource (52 p.)
Series:
IMF Working Papers [More in this series]
Summary note:
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 temporarily reduce inflation. The model also explains how the hyper-depreciation of the black market exchange rate reflects prices in the most distorted goods markets.
Source of description:
Description based on print version record.
ISBN:
  • 1475523203 :
Doi:
  • 10.5089/9781475523201.001
Related name:
Other views:
Staff view