This book looks at how economies function in conditions of high inflation. It examines both theoretical issues - developing new theoretical models to understand the process of high and hyperinflations - and policy issues aimed at achieving stabilization. Num Pages: 246 pages, frontispiece, line drawings. BIC Classification: KCBM. Category: (P) Professional & Vocational. Dimension: 226 x 148 x 20. Weight in Grams: 456. . 1995. Illustrated. hardcover. . . . . Books ship from the US and Ireland.

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Bibliographic Details

Title: High Inflation: The Arne Ryde Memorial Lectures (Ryde Lectures)
Publisher: Clarendon Press
Publication Date: 1995
Language: English
ISBN 10: 0198288441
ISBN 13: 9780198288442
Binding: Hardcover
Condition: New

About this title

Synopsis

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.

About the Author

Axel Leijonhufvud is Director of the Center for Computable Economics at the University of California, Los Angeles and Professor of Economics at the University of Trento.

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