ISBN-13: 9780268008673 / Angielski / Twarda / 1991 / 166 str.
ISBN-13: 9780268008673 / Angielski / Twarda / 1991 / 166 str.
The Dynamics of Inflation presents a detailed, theoretical schema for the study of accelerating inflation in chronically inflated economies with complex productive structures. Antonio Kandir demonstrates that because of adjustment, these economies tend to move toward a situation where inflation begins to acquire an endogenous acceleration component that raises serious problems for all kinds of stabilization policies.