01689cas a2200241 a 4500 AALejournalIMF010069 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451965599 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the inflationary process in a centrally planned economy which has an uncontrolled market where prices can move more freely. The maintenance of controls over prices and rationing in the economy leads to the emergence of forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources move into the uncontrolled market. Decontrol of prices and production of the controlled market is the optimal policy. The adoption of this policy facilitates an increase in income and aggregate demand, which raises the equilibrium prices and total production in the economy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/059 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/059/001.1989.issue-059-en.xml IMF e-Library