Market failure and stagflation: Some asp
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Wojciech W. Charemza
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Article
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1992
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Springer US
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English
โ 736 KB
The paper investigates causes of the stagflation phenomena which appeared in Poland in the period after the 'shortageflation ', i.e. after February 1990. It is conjectured that one of the primary reasons for the appearance of the stagflation was substantial market uncertainty, which led to a market