Gap Disequilibria: Inflation, Investment, Saving and Foreign Exchange

Lance Taylor

No wp-1989-076, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Four "gaps" or restrictions on capacity growth -- from available saving and foreign exchange, investment demand (with crowding-in of private by public capital formation), and ex ante discrepancies between inflation rates needed on the one hand to achieve macroeconomic balance via the inflation tax and forced saving and on the other hand to meet increases in costs -- are analyzed in a simple, unified framework.

Keywords: Balance of payments; Capital budget; Foreign exchange; Inflation; Saving and investment (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/WP76.pdf (application/pdf)

Related works:
Working Paper: Gap Disequilibria: Inflation, Investment, Saving and Foreign Exchange (1989)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-1989-076

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().