The Economics of High Inflation

The Economics of High Inflation

by Paul Beckerman

Paperback(1st ed. 1992)

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The Economics of High Inflation by Paul Beckerman

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.

Product Details

ISBN-13: 9781349217151
Publisher: Palgrave Macmillan UK
Publication date: 01/14/2014
Edition description: 1st ed. 1992
Pages: 228
Product dimensions: 5.51(w) x 8.50(h) x (d)

Table of Contents

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

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