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Chronic Inflation in an Industrializing Economy: The Brazilian Experience


  


 : Chronic Inflation in an Industrializing Economy: The Brazilian Experience

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Binding: Hardcover
Dewey Decimal Number: 332.410981
EAN: 9780521375405
ISBN: 0521375401
Label: Cambridge University Press
Manufacturer: Cambridge University Press
Number Of Items: 1
Number Of Pages: 332
Publication Date: May 31, 1991
Publisher: Cambridge University Press
Studio: Cambridge University Press




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Editorial Review:

Product Description:
Many middle income industrializing economies in Latin America are today beset by price inflation at rates close to or exceeding previous records. In this book Vincent Parkin sets out to explain the nature and causes of chronic inflation in such economies by focusing on the Brazilian experience since 1964. A theoretical model is developed to show how structural bottlenecks and cost-push pressures can lead to continuous inflation. The model, incorporating as it does stocks and flows of financial assets, forms a bridge between structuralist explanations for inflation, that have tended to abstract from money and finance, and purely monetary explanations.

Book Description:
In this book, originally published in 1991, Vincent Parkin sets out to explain the nature and causes of chronic inflation in middle-income developing countries by focusing on the Brazilian experience. The book will be of interest to all economists concerned with inflation and Latin America.