The macroeconomic consequences of adopting different price rules for adjusting controlled prices in systems where controlled and market prices coexist and the i

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assi

Derives an indicator for economic freedom based on personal choice, protection of private property, and freedom of exchange. Considers levels and trends in econ

The cost of stabilization in chronic- inflation countries is high, whether it is paid up front (with fiscal shock) or delayed (in exchange- rate- based stabiliz

Is there a link between devaluation and high inflation? It depends on accompanying monetary and fiscal policies and the presence of parallel markets. An open ca