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Palgrave Macmillan
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The Economics of High Inflation

  • Book
  • © 1992

Overview

Authors:
  1. Paul Beckerman
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Table of contents (10 chapters)

  1. Front Matter

    Pages i-viii
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  2. The Inflation Enigma

    • Paul Beckerman
    Pages 1-7

  3. Why Inflation is “A Bad Thing”

    • Paul Beckerman
    Pages 8-26

  4. Inflation Feedback

    • Paul Beckerman
    Pages 27-49

  5. Inflation Feedback and Competition for Purchasing Power

    • Paul Beckerman
    Pages 50-67

  6. Inflation and Financial Systems

    • Paul Beckerman
    Pages 68-84

  7. The Dilemmas of Inflation-Stabilization Policy

    • Paul Beckerman
    Pages 85-107

  8. Inflation Stabilization under External Constraint

    • Paul Beckerman
    Pages 108-125

  9. Indexation and Dollarization

    • Paul Beckerman
    Pages 126-151

  10. Recent “Heterodox” Stabilization Experience: Argentina, Israel and Brazil, 1985–9

    • Paul Beckerman
    Pages 152-181

  11. Toward a Theory of Self-Perpetuating Inflation

    • Paul Beckerman
    Pages 182-189

  12. Back Matter

    Pages 190-228
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Keywords

About this book

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.

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