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The Economics of High Inflation

The Economics of High Inflation

Hardcover

EconomicsInvesting & FinanceGeneral Political Science

ISBN10: 0333563808
ISBN13: 9780333563809
Publisher: Palgrave Macmillan
Published: Nov 13 1991
Pages: 228
Weight: 1.00
Height: 0.69 Width: 5.50 Depth: 8.50
Language: English
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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