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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This book describes the complex of economic processes which sustains inflationary pressure in nations with severe inflation problems.
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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Produktdetaljer

ISBN
9780333563809
Publisert
1991-11-13
Utgiver
Vendor
Palgrave Macmillan
Høyde
216 mm
Bredde
140 mm
Aldersnivå
Research, UU, UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet

Forfatter