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Latin American Inflation: Theoretical Interpretations and Empirical Results

Latin American Inflation: Theoretical Interpretations and Empirical Results

Hardcover

EconomicsInvesting & FinanceGeneral Education

ISBN10: 0275928098
ISBN13: 9780275928094
Publisher: Praeger
Published: Nov 25 1987
Pages: 110
Weight: 0.74
Height: 0.31 Width: 6.14 Depth: 9.21
Language: English
In his book, Cole points out that a simple monetarist model can explain Latin Amercian inflation, although it cannot by itself provide an explanation in terms of the ultimate causes of inflation. This is the basis of the structuralist critique, which attempts to provide an explanation in a deeper, overall sense. The author concludes that while the monetarist model deals with empirical testing and data, the structuralist approach highlights the human element and country-specific circumstances that cannot really be measured. In addition, an analysis of the recent Bolivian hyperinflation is given.

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