In exploring the short-term macroeconomic effects of energy-supply shocks in Ukraine, this paper relies on the simplifying assumption that enterprises face economic regulation but not ownership uncertainty that would adversely affect their behavior. In a sense, it assumes that Ukraine's economy is already at the second stage of reform, when ownership and contract-enforcement questions are less of an issue. Under these assumptions and if real wages...
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1994/07/31
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Publication
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13422
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1
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1
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2010/07/01
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Macroeconomic consequences of energy supply shocks in Ukraine
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Energy
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