Name: High Inflation: The Arne Ryde Memorial Lectures (Ryde Lectures) (en Inglés)
Price: 161310.00 CLP
Availability: InStock
Author: Leijonhufvud Heymann; Daniel Heymann; Axel Leijonhufvud
ISBN: 9780198288442

portada High Inflation: The Arne Ryde Memorial Lectures (Ryde Lectures) (en Inglés)

Formato

Libro Físico

Editorial

Oup Oxford

Autor

Leijonhufvud Heymann; Daniel Heymann; Axel Leijonhufvud

Año

1995

Idioma

Inglés

N° páginas

246

Encuadernación

Tapa Dura

ISBN

0198288441

ISBN13

9780198288442

N° edición

Categorías

Economía monetaria

High Inflation: The Arne Ryde Memorial Lectures (Ryde Lectures) (en Inglés)

Leijonhufvud Heymann; Daniel Heymann; Axel Leijonhufvud (Autor) · Oup Oxford · Tapa Dura

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Reseña del libro "High Inflation: The Arne Ryde Memorial Lectures (Ryde Lectures) (en Inglés)"

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. The authors examine the financial problems that governments have to wrestle with in high inflation, the private sector's adaptations to high inflation conditions, and the difficulties of finding a policy strategy that can be sustained through disinflation to lasting stabilization. In describing, analysing, and explaining a number of high inflationary experiences, the authors show that standard macroeconomic theory cannot account for the phenomenon of these extreme cases and ask how received inflation theory needs to be changed in order for it to accommodate the various effects on the functioning of the economy. Finally, the authors make a series of policy prescriptions which will help policy-makers to avoid inflationary situations.