High Inflation: The Arne Ryde Memorial Lectures

ISBN-13: 9780198288442 / Angielski / Twarda / 1995 / 252 str.

Leijonhufvud Heymann; Daniel Heymann; Axel Leijonhufvud

Opis

This book looks at very high inflations, exemplified by those suffered by Argentina, Bolivia, Brazil, Israel, Mexico, and Peru in the eighties and by the Soviet Union today. The authors argue that a better grasp of high inflation processes is necessary in order for countries intricated in it to design stabilization strategies. The extremes of monetary instability can also give a clearer picture of the purpose that money and financial institutions serve under more normal circumstances, thus deepening our understanding of the benefits of monetary stability. This study will be of interest to scholars of macroeconomics, economic theorists and applied economists.

Recenzje

A useful and thought provoking book, especially for an economist interested in high-inflation countries ... The authors provide a useful discussion of the stabilization of high-inflation economies ... The main thesis of the book is that high inflation retards economic growth. The explanation detailed in support of this view in this book is as rigorous as it can get ... those who patiently study it will find it rewarding.