The Economics of High Inflation

Beckerman, Paul

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.

Details

Published by: Palgrave Macmillan

Publication Date: 1992-01-01

Format: Paperback

ISBN-13: 9781349217151

DOI: 10.1007/978-1-349-21713-7

Dimensions: 216cm x140cm

Pages: 228