"These high inflation phenomena challenge our understanding of monetary economics. Episodes of extreme monetary instability make us see the scope and limitations of current theory in clearer perspective. Theories of money and finance that introduce money only so as to determine …
High inflation: the Arne Ryde memorial lectures
by Leijonhufvud, Axel, Heymann, Daniel
fromOUP E-Books
In the 1980s, several Latin American countries suffered through years of high inflation, as did Israel. Today, high inflations thwart reform and impede recovery in Russia, Ukraine, and most of the other former Soviet republics. This book examines the emergence of such inflation-…
In the 1980s, several Latin American countries suffered through years of high inflation, as did Israel. Today, high inflations thwart reform and impede recovery in Russia, Ukraine, and most of the other former Soviet republics. This book examines the emergence of such inflation-…
Fiscal policy in Latin America has been largely designed and implemented around short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence. Until recently, very little attention had been paid to the effects of fiscal policy on growth and on m…
"Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal p…