The Resource High inflation : the Arne Ryde memorial lectures, Daniel Heymann and Axel Leijonhufvud

High inflation : the Arne Ryde memorial lectures, Daniel Heymann and Axel Leijonhufvud

Label
High inflation : the Arne Ryde memorial lectures
Title
High inflation
Title remainder
the Arne Ryde memorial lectures
Statement of responsibility
Daniel Heymann and Axel Leijonhufvud
Creator
Contributor
Subject
Language
eng
Summary
  • 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-prone monetary regimes, the financial predicaments besetting governments in high inflations, and the difficulties of devising policy strategies that can be sustained through disinflation to lasting stabilization. It discusses the manner in which these inflations cause the functioning of the market economy to deteriorate. High inflations interfere with information flows between agents and complicate economic calculations; they make the accounting measurement of economic results and the monitoring of principal-agent relationships more difficult; they undermine the basis for intertemporal contractual commitments, and cause many financial markets to disappear entirely
  • 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 the nominal scale of non-monetary general equilibrium will not explain the deterioration of economic performance characteristic of high inflations. The authors conclude this study with an exploration of the theoretical issues raised by the anomalous evidence from the high inflations
Cataloging source
DLC
http://library.link/vocab/creatorName
Heymann, Daniel
Illustrations
illustrations
Index
index present
LC call number
HG229
LC item number
.H49 1995
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Leijonhufvud, Axel
http://library.link/vocab/subjectName
  • Inflation (Finance)
  • Economic stabilization
  • Monetary policy
  • Estabilización económica
  • Política monetaria
  • Economic stabilization
  • Inflation (Finance)
  • Monetary policy
  • Inflatie
  • Inflacao e deflacao
  • Estabilizacao economica
  • Politica monetaria
  • Politique monétaire
  • Stabilisation économique
  • Inflation
Label
High inflation : the Arne Ryde memorial lectures, Daniel Heymann and Axel Leijonhufvud
Instantiates
Publication
Bibliography note
Includes bibliographical references and indexes
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. Models of High Inflation -- 3. Monetary Regimes and Inflation -- 4. The Finances of the Government -- 5. Living with High Inflation -- 6. Stabilization: Finding a Way Back -- 7. High Inflations and Contemporary Monetary Theory
Dimensions
23 cm
Extent
xii, 233 pages
Isbn
9780198288442
Lccn
94048638
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
  • (OCoLC)31815186
  • (OCoLC)ocm31815186
Label
High inflation : the Arne Ryde memorial lectures, Daniel Heymann and Axel Leijonhufvud
Publication
Bibliography note
Includes bibliographical references and indexes
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. Introduction -- 2. Models of High Inflation -- 3. Monetary Regimes and Inflation -- 4. The Finances of the Government -- 5. Living with High Inflation -- 6. Stabilization: Finding a Way Back -- 7. High Inflations and Contemporary Monetary Theory
Dimensions
23 cm
Extent
xii, 233 pages
Isbn
9780198288442
Lccn
94048638
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
  • (OCoLC)31815186
  • (OCoLC)ocm31815186

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