Poser J. A.1
  • 1 The Ifo Institute for Economic Research, 5, Poschinger str., Munich, 81679, Germany

A Microeconomic Explanation for the Macroeconomic Effects of Inter-Enterprise Arrears in Post-Soviet Economies

1997. Т. 1. № 1. С. 21–59 [содержание номера]
This paper has therefore made an effort to give a microeconomic explanation of the accumulation of arrears and to analyse their-relationship with other macroeconomic aggregates. In addition to that, the impact of distinct policy measures has been derived within the framework of the model. Although the paper takes a very special view by making some quite heroic assumption, the conclusions from our analysis fit quite well into the post-Soviet reality.
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