The Economics of High Inflation (Paperback) (ISBN-13: 9781349217151)

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.

Author: Paul Beckerman
ISBN-10: 1349217158
ISBN-13: 9781349217151
Publisher: Palgrave MacMillan
Language: English
Published: 01/01/1992
Pages: 228
Format: Paperback
Weight: 0.68lbs
Size: 8.50h x 5.50w x 0.55d