ENGLISH

The Economics of High Inflation

By Paul Beckerman (auth.)

Book information

Publisher
Palgrave Macmillan UK
Year
1992
ISBN
978-1-349-21715-1, 978-1-349-21713-7
DOI
10.1007/978-1-349-21713-7
Language
english
Format
PDF
Filesize
23 MB (23676826 bytes)
Edition
1
Pages
VIII, 228\236
Time added
2016-03-14 21:35:01
Macroeconomics/Monetary Economics//Financial Econo

Description

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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