Plans and Disequilibria in Centrally Planned Economies : Empirical Investigations for Poland

The purpose of this study is to investigate interrelations between planning mechanisms and disequilibria in a case where the planning decisions are centralized and are exogenously given to enterprises. The first introductory chapter is intended to provide an understanding of Poland's economic situation during the period under research. In the next five chapters the basic model, describing the households-planners relations in terms of consumption, labour, money and plans are derived, estimated, used for calculation of excess demands, for simulation of some monetary policies, and, finally, for providing optimal control experiments in which consumption excess demand is minimized on a reasonable level of the consumption volume. In the next two chapters the basic model is gradually extended, and the last chapter summarizes the results by formulating a more effective macroeconomic policy. Content: Foundations. Background: Facts and Figures from Polish Economic History. The Theoretical Model. Consumption-Labour-Money Analysis. Econometric Model and its Estimation. Estimates of Disequilibria and their Effects. Internal Monetary Policies. Searching for an Optimal Monetary Policy. Extensions. Disequilibria and Investments: Some Inward Policies. Disequilibria and Foreign Trade: Some External Policies. Summary and Conclusions: The Best Ex-Post Scenario? Appendixes. Monograph on the impact of macro economic policies on the economic structure of Chile during the period from 1945 to 1965 - examines trends in major postwar stabilization programmes, fiscal policy, monetary policy, incomes policy, resource allocation, supply and demand, price policy, inflation effects, investment policy, etc., and includes a macroeconometric model of the Chilean economy with sectoral simulations. Bibliography pp. 305 to 317 and statistical tables Wojciech Charemza, Mirosław Gronicki. Bibliography: P. [171]-179. James A. Roumasset. Includes Index. Bibliography: P.235-245.