The model studies the role played by inflation in the early period of the transition in Eastern Europe. With sluggish expectations, inflation might have been used as an employment enhancing device. It is shown that macroeconomic stabilisation and privatization policies are mutually consistent objectives.
FOURÇANS, A. and VRANCEANU, R. (1995). A Model of Structural and Cyclical Employment in Transitional Economies. In: Midsouth Academy of Economics and Finance, Papers and Proceedings. University of Southern Mississippi, pp. 165-173.