Inflation Stabilization

Inflation Stabilization
Author :
Publisher : MIT Press
Total Pages : 452
Release :
ISBN-10 : 0262022796
ISBN-13 : 9780262022798
Rating : 4/5 (798 Downloads)

Book Synopsis Inflation Stabilization by : World Institute for Development Economics Research

Download or read book Inflation Stabilization written by World Institute for Development Economics Research and published by MIT Press. This book was released on 1988 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Related Books

Inflation Stabilization
Language: en
Pages: 452
Authors: World Institute for Development Economics Research
Categories: Business & Economics
Type: BOOK - Published: 1988 - Publisher: MIT Press

DOWNLOAD EBOOK

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 St
Hyperinflation and Stabilization in Weimar Germany
Language: en
Pages: 186
Authors: Steven Benjamin Webb
Categories: Business & Economics
Type: BOOK - Published: 1989 - Publisher: Oxford University Press, USA

DOWNLOAD EBOOK

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 explanati
Studies in Hyperinflation and Stabilization
Language: en
Pages: 244
Authors: Gail E. Makinen
Categories:
Type: BOOK - Published: 2013-10 - Publisher:

DOWNLOAD EBOOK

Gail produced a sequence of fascinating studies that succeed in coaxing orderly patterns and basic macroeconomic forces at work in the midst of what at first gl
Inflation Expectations
Language: en
Pages: 402
Authors: Peter J. N. Sinclair
Categories: Business & Economics
Type: BOOK - Published: 2009-12-16 - Publisher: Routledge

DOWNLOAD EBOOK

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t
The Great Inflation
Language: en
Pages: 545
Authors: Michael D. Bordo
Categories: Business & Economics
Type: BOOK - Published: 2013-06-28 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i