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Exploring the Mechanics of Chronic Inflation and Hyperinflation, Fernando de Holanda Barbosa


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Автор: Fernando de Holanda Barbosa
Название:  Exploring the Mechanics of Chronic Inflation and Hyperinflation
ISBN: 9783319445113
Издательство: Springer
Классификация:



ISBN-10: 3319445111
Обложка/Формат: Paperback
Страницы: 116
Вес: 0.21 кг.
Дата издания: 2017
Серия: Springerbriefs in economics
Язык: English
Издание: 1st ed. 2017
Иллюстрации: 37 illustrations, black and white; x, 116 p. 37 illus.
Размер: 234 x 156 x 7
Читательская аудитория: Professional & vocational
Ссылка на Издательство: Link
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Поставляется из: Германии
Описание: This book presents a theoretical framework to explain chronic inflation and hyperinflation. The roots of these two phenomenon are a fiscal monetary regime in which money issues finance the public deficit. Chronic inflation is modeled by using both the old and the new Keynesian model, with a different policy rule. Instead of using the Taylor rule, the central bank policy rule states that money is issued to finance the public deficit. The chronic inflation models take into account the fact that indexation mechanisms adjust prices and wages, yielding the inertial component of inflation. The dynamics of these models can be very unstable under parameter changes or shocks that hit the economy. The previous hyperinflation models surveyed in this book attempt to explain hyperinflation as a bubble phenomenon because they assume a constant real deficit financed by money. The mechanics of hyperinflation models in this book explains hyperinflation by a fiscal crisis, characterized by an increasing fiscal deficit. This fiscal crisis yields an intertemporal budget constraint that is not sustainable. The analysis of the pathology of hyperinflation uses the same tools employed to understand the pathologies of public debt and external debt crises. The hyperinflation model allows a taxonomy of hyperinflations, namely bubble, weak and strong, that can be tested with the inflation tax revenue curve.
Дополнительное описание: Preface.- I – Hyperinflation Theories: an Abridged Survey.- II – The Origins and Consequences of Inflation in Latin America.- III – Chronic Inflation and Hyperinflation.- IV – Inflation Tax and Money Essentiality.- V – Hyperinflation: Inflation Tax and Ec



Money employment and inflation

Автор: Barro, Robert J. Grossman, Herschel I.
Название: Money employment and inflation
ISBN: 0521068657 ISBN-13(EAN): 9780521068659
Издательство: Cambridge Academ
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Цена: 6494.00 р.
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Описание: This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations.

Productivity Growth, Inflation, and Unemployment

Автор: Robert J. Gordon
Название: Productivity Growth, Inflation, and Unemployment
ISBN: 052153142X ISBN-13(EAN): 9780521531429
Издательство: Cambridge Academ
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Цена: 14573.00 р.
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Описание: The seventeen seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer views on the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient points in a creative, accessible introduction that serves on its own as an introduction to modern macroeconomics.

Twenty Years of Inflation Targeting

Автор: Cobham
Название: Twenty Years of Inflation Targeting
ISBN: 1107696895 ISBN-13(EAN): 9781107696891
Издательство: Cambridge Academ
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Цена: 6018.00 р.
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Описание: This book provides a comprehensive review of the experience of inflation targeting since its introduction in New Zealand in 1989 and looks in detail at what we can learn from the past twenty years and what challenges we may face in the future.

The Great Inflation. The Rebirth of Modern Central Banking

Автор: Bordo M.D., Orphanides A. (eds)
Название: The Great Inflation. The Rebirth of Modern Central Banking
ISBN: 0226066959 ISBN-13(EAN): 9780226066950
Издательство: Wiley
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Цена: 16262.00 р.
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Описание: Controlling inflation is among the most important objectives of economic policy. This volume focuses on understanding the causes of the Great Inflation of the 1970s and `80s, which saw rising inflation in many nations and propelled interest rates across the developing world into the double digits.

The Truth About Inflation

Автор: Donovan P.
Название: The Truth About Inflation
ISBN: 1138023612 ISBN-13(EAN): 9781138023611
Издательство: Taylor&Francis
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Цена: 4592.00 р.
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Описание:

Inflation is a simple topic, in that the basic concepts are something that everyone can understand. However, inflation is not a simplistic topic. The composition of inflation and what the different inflation measures try to represent cannot be summarised with a single line on a chart or a casual reference to a solitary data point. Investors very often fail to understand the detail behind inflation, and end up making bad investment decisions as a result.

The Truth About Inflation does not set out to forecast inflation, but to help improve its understanding, so that investors can make better decisions to achieve the real returns that they need. Starting with a summary of long history of inflation, the drivers of price change are considered. Many of the "urban myths" that have built up about inflation are shown to be a consequence of irrational judgement or political scaremongering. Some behaviour, like the unhealthy veneration of gold as a means of inflation protection, is shown to be the result of historical accident. In the modern era of lower nominal investment returns, inflation inequality (whereby some groups experience persistently higher inflation than others) is a very important consideration.

This book sets out the realities of price changes in the modern investing environment, without using economic equations or jargon. It gives investors the framework they need to think about inflation and how to protect themselves against it, whether the aggregate inflation of the future rises or falls from current levels.

Monetary Policy in Low-Inflation Economies

Автор: Altig
Название: Monetary Policy in Low-Inflation Economies
ISBN: 1107514118 ISBN-13(EAN): 9781107514119
Издательство: Cambridge Academ
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Цена: 5859.00 р.
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Описание: The essays in this volume investigate the challenges of transitioning to lower levels of inflation and conducting monetary policy in low-inflation economies. The essays make both theoretical and empirical contributions.

Chronic Inflation in an Industrializing Economy

Автор: Parkin
Название: Chronic Inflation in an Industrializing Economy
ISBN: 0521134129 ISBN-13(EAN): 9780521134125
Издательство: Cambridge Academ
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Цена: 5701.00 р.
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Описание: In this book, originally published in 1991, Vincent Parkin sets out to explain the nature and causes of chronic inflation in middle-income developing countries by focusing on the Brazilian experience. The book will be of interest to all economists concerned with inflation and Latin America.


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