Inflation Stabilization
Title | Inflation Stabilization PDF eBook |
Author | World Institute for Development Economics Research |
Publisher | MIT Press |
Pages | 452 |
Release | 1988 |
Genre | Business & Economics |
ISBN | 9780262022798 |
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures. In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by José Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies. Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.
Inflation Stabilization
Title | Inflation Stabilization PDF eBook |
Author | Michael Bruno |
Publisher | Mit Press |
Pages | 434 |
Release | 1988 |
Genre | |
ISBN | 9780262528788 |
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures. In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by José Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies. Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.
The Political Economy of Inflation and Stabilization in Middle-income Countries
Title | The Political Economy of Inflation and Stabilization in Middle-income Countries PDF eBook |
Author | Stephan Haggard |
Publisher | World Bank Publications |
Pages | 69 |
Release | 1990 |
Genre | Developing countries |
ISBN |
Macroeconomic stability is most precarious, and stabilization most likely to be delayed, where the party system is fragmented or polarized.
Hyperinflation and Stabilization in Weimar Germany
Title | Hyperinflation and Stabilization in Weimar Germany PDF eBook |
Author | Steven Benjamin Webb |
Publisher | Oxford University Press, USA |
Pages | 186 |
Release | 1989 |
Genre | Business & Economics |
ISBN |
Tracing the links between the monetary phenomena of the post-World War I German inflation and its political roots, this study provides a non-technical explanation of the economics of inflation and explores the political events and institutions that contributed to the Weimar Republic's economic difficulties. Webb discusses such topics as Reichsbank credit and monetary policy; output and unemployment; government revenue and spending; capitalism, democracy, and reparations; and the political economy of Reichsbank policy.
Inflation
Title | Inflation PDF eBook |
Author | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Stabilization |
Publisher | |
Pages | 204 |
Release | 1979 |
Genre | Inflation (Finance) |
ISBN |
Inflation Stabilization in Turkey
Title | Inflation Stabilization in Turkey PDF eBook |
Author | Luc Everaert |
Publisher | World Bank Publications |
Pages | 56 |
Release | 1992 |
Genre | Deficit financing |
ISBN |
Adding estimated behavioral equations to the standard RMSM- X model allows it to simulate the short- run consequences of inflation stabilization.
Inflation Stabilization and Nominal Anchors
Title | Inflation Stabilization and Nominal Anchors PDF eBook |
Author | Guillermo A. Calvo |
Publisher | |
Pages | 86 |
Release | 1992 |
Genre | Business & Economics |
ISBN |