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The Economics of High Inflation - Paul Beckerman

The Economics of High Inflation

Hardcover

Published: 13th November 1991
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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.

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

ISBN: 9780333563809
ISBN-10: 0333563808
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 228
Published: 13th November 1991
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.59 x 13.79  x 1.8
Weight (kg): 0.46
Edition Number: 2