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The paper considers issues in recent research on macroeconomic equilibrium in centrally planned economies. I defend the explicit aggregative , macroeconomic approach in theory, institutional relationships and measurement. It has offered a fresh, coherent framework for analysis of many CPE phenomena, opened up a range of possibilities for empirical investigation, and generated several important spinoffs: work of planners' behavior, insights into CPE policy problems of the 1970s and early 1980s, which centred on macroeconomic equilibrium and threats to it; and some developments in market economy macro theory and econometrics. The quantity-rationing macro model and disequilibrium econometrics give a more useful as well as a more nuanced view of macroeconomic reality in CPEs than the conventional wisdom characterizing them as perpetual "shortage economies".

Central planning.

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Central planning --- Hungary --- Economic policy --- 338 (439) --- -#SBIB:328H272 --- #SBIB:IEB --- Central economic planning --- Centrally planned economy --- Economic planning --- National planning --- State planning --- Planning --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Hongarije --- Instellingen en beleid: Hongarije --- -Central planning --- -338 (439) --- 338 (439) Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Hongarije --- #SBIB:328H272 --- Central planning - Hungary --- Hungary - Economic policy - 1968-1989 --- HONGRIE --- ECONOMIE

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Politics --- Economic policy and planning (general) --- France --- Central planning --- Congresses --- Economic policy --- -338.26 <44> --- FR / France - Frankrijk --- 330.581 --- 321.2 --- 338.40 --- 336.01 --- Central economic planning --- Centrally planned economy --- Economic planning --- National planning --- State planning --- Planning --- Experimenten. Plannen. --- Economisch beleid van de overheid. --- Industrieel beleid: algemeenheden. --- Overheidsbemoeiing op economisch gebied. --- -Congresses. --- Pʻŭrangsŭ --- Frankrig --- Francja --- Frant︠s︡ii︠a︡ --- Prantsusmaa --- Francia (Republic) --- Tsarfat --- Tsorfat --- Franḳraykh --- Frankreich --- Fa-kuo --- Faguo --- Франция --- French Republic --- République française --- Peurancih --- Frankryk --- Franse Republiek --- Francland --- Frencisc Cynewīse --- فرنسا --- Faransā --- Franza --- Republica Franzesa --- Gallia (Republic) --- Hyãsia --- Phransiya --- Fransa --- Fransa Respublikası --- Franse --- Францыя --- Frantsyi︠a︡ --- Французская Рэспубліка --- Frantsuzskai︠a︡ Rėspublika --- Parancis --- Pransya --- Franis --- Francuska --- Republika Francuska --- Bro-C'hall --- Френска република --- Frenska republika --- França --- República Francesa --- Pransiya --- Republikang Pranses --- Γαλλία --- Gallia --- Γαλλική Δημοκρατία --- Gallikē Dēmokratia --- فرانسه --- Farānsah --- צרפת --- רפובליקה הצרפתית --- Republiḳah ha-Tsarfatit --- פראנקרייך --- 法国 --- 法蘭西共和國 --- Falanxi Gongheguo --- フランス --- Furansu --- フランス共和国 --- Furansu Kyōwakoku --- Francija --- Ranska --- Frankrike --- 338.26 <44> --- Economisch beleid van de overheid --- Experimenten. Plannen --- Overheidsbemoeiing op economisch gebied --- Industrieel beleid: algemeenheden --- France (Provisional government, 1944-1946) --- Congresses. --- Politiek --- Economische politiek en planning (algemeen) --- Frankrijk --- Fa-lan-hsi --- Falanxi --- Frant︠s︡ --- Frant︠s︡ Uls --- Франц --- Франц Улс --- 法蘭西 --- 프랑스 --- Central planning - France - Congresses --- France - Economic policy - 1945- - Congresses