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1991

Title: General Equilibrium Under Shortage: A Generalized Barro-Grossman Model

Author: Osband, Kent

Series: Working Paper No. 1991/059

Date: June 1, 1991

Notes: Investigates a model of general equilibrium in a "shortage economy" -- that is, an economy with significant excess demands at the officially controlled prices.

Subject: Consumption Economic sectors Income Informal economy Labor National accounts Wages

Title: Military Expenditure: International Comparison of Trends

Author: Hewitt, P. Daniel

Series: Working Paper No. 1991/054

Date: May 1, 1991

Notes: Analyzes trends in world military expenditure by examining the shares of different country groups and the ratio to GDP of individual nations.

Subject: Budget planning and preparation Central government spending Defense spending Expenditure Labor Public employment Public financial management (PFM)

Title: Economic Crisis in a Shortage Economy

Author: Osband, Kent

Series: Working Paper No. 1991/038

Date: April 1, 1991

Subject: Corruption Crime Income Labor National accounts Price controls Prices Wages

Title: Output Fluctuations and Monetary Shocks: Evidence From Colombia

Author: Reinhart, Vincent ; Reinhart, Carmen

Series: Working Paper No. 1991/035

Date: March 1, 1991

Notes: Also published in Staff Papers, Vol. 38, No. 4, December 1991.

Subject: Exchange rates Foreign exchange Inflation Labor Monetary base Money Prices Real exchange rates Wages

Title: Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries

Author: Montiel, J Peter ; Ostry, David Jonathan

Series: Working Paper No. 1991/029

Date: March 1, 1991

Notes: Analyzes the macroeconomic effects of a variety of exogenous and policy-induced real disturbances when the authorities target the level of the real exchange rate. Also published in Staff Papers, Vol. 38, No. 4, December 1991.

Subject: Conventional peg Foreign exchange Inflation International trade Labor Prices Real exchange rates Real wages Terms of trade

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