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The Economics of High Inflation

Autor Paul Beckerman
en Limba Engleză Hardback – 13 noi 1991
This book describes the complex of economic processes which sustains inflationary pressure in nations with severe inflation problems. Paul Beckerman uses an innovative approach to study the strategies inhabitants of economies with lengthy inflation experience use to maintain their purchasing power despite inflation. He examines how these tactics function as 'feedback mechanisms', economic processes by which inflation in any given time period generates inflationary pressure in subsequent periods, and how they complicate the efforts of policy-makers to achieve stabilization.
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Specificații

ISBN-13: 9780333563809
ISBN-10: 0333563808
Pagini: 228
Ilustrații: VIII, 228 p.
Dimensiuni: 140 x 216 x 18 mm
Greutate: 0.45 kg
Ediția:1992
Editura: Palgrave Macmillan UK
Colecția Palgrave Macmillan
Locul publicării:London, United Kingdom

Cuprins

Acknowledgements - The Inflation Enigma - Why Inflation is 'A Bad Thing' - Inflation Feedback - Inflation Feedback and Competition for Purchasing Power - Inflation and Financial Systems - The Dilemmas of Inflation-Stabilization Policy - Inflation Stabilization under External Constraint - Indexation and Dollarization - Recent 'Heterodox' Stabilization Experiences: Argentina, Israel, Brazil, 1985-89 - Toward a Theory of Self-Perpetuating Inflation - Notes - References - Index