The Economics of High Inflation

Paperback Engels 1992 9781349217151
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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.

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ISBN13:9781349217151
Taal:Engels
Bindwijze:Paperback
Uitgever:Palgrave Macmillan UK

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          The Economics of High Inflation