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The Dynamics of Inflation: Analysis of the Relations Between Inflation, Public Sector Financial Fragility, Expectations and Profit Margins by Antonio Kandir (Hardback, 1991)
MW Books Select Antiquarian Books (4692)
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Product Information
The Dynamics of Inflation presents a detailed, theoretical schema for the study of accelerating inflation in chronically inflated ecomies with complex productive structures. Antonio Kandir demonstrates that because of adjustment, these ecomies tend to move toward a situation where inflation begins to acquire an endogeus acceleration component that raises serious problems for all kinds of stabilization policies. Kandir begins by establishing criteria for classifying theories of inflation and defines the theoretical perspective on which this book is based. He argues that integration between the macroecomic and microecomic levels is needed to understand the dynamics of prices under conditions of high instability. He develops an overall framework to study the short-run dynamics of desired markups and demonstrates that expectations about the future prices of public-fiscal goods and exchange goods assume importance in determining desired markups. Kandir concludes that these attempts at adjustment lead to pressures for changes in relative prices between sectors with different patterns of use of these goods; and that in turn leads to an accelerating inflation that is sustained for as long as the adjustment is considered complete.Product Identifiers
PublisherUniversity of Notre Dame Press
ISBN-100268008671
ISBN-139780268008673
eBay Product ID (ePID)103589049
Product Key Features
Number of Pages176 Pages
Publication NameDynamics of Inflation : An Analysis of the Relations Between Inflation, Public-Sector Financial Fragility, Expectations, and Profit Margins
LanguageEnglish
Publication Year1991
SubjectEconomics: Professional & General
TypeTextbook
AuthorAntonio Kandir
Subject AreaBusiness & Economics
SeriesKellogg Institute Series on Democracy and Development Ser.
FormatHardback
Dimensions
Item Height0.6 in
Item Weight12.3 Oz
Item Length9 in
Item Width6 in
Height230mm
Width160mm
Weight426g
Additional Product Features
Date of Publication01/12/1991
Intended AudienceScholarly & Professional
Place of PublicationNotre Dame in
Spine20mm
GenreEconomics: Professional & General
Country of PublicationUnited States
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