Coverart for item
The Resource Exploring the mechanics of chronic inflation and hyperinflation, Fernando de Holanda Barbosa

Exploring the mechanics of chronic inflation and hyperinflation, Fernando de Holanda Barbosa

Label
Exploring the mechanics of chronic inflation and hyperinflation
Title
Exploring the mechanics of chronic inflation and hyperinflation
Statement of responsibility
Fernando de Holanda Barbosa
Creator
Author
Subject
Language
eng
Summary
This book presents a theoretical framework to explain chronic inflation and hyperinflation. The roots of these two phenomenon are a fiscal monetary regime in which money issues finance the public deficit. Chronic inflation is modeled by using both the old and the new Keynesian model, with a different policy rule. Instead of using the Taylor rule, the central bank policy rule states that money is issued to finance the public deficit. The chronic inflation models take into account the fact that indexation mechanisms adjust prices and wages, yielding the inertial component of inflation. The dynamics of these models can be very unstable under parameter changes or shocks that hit the economy. The previous hyperinflation models surveyed in this book attempt to explain hyperinflation as a bubble phenomenon because they assume a constant real deficit financed by money. The mechanics of hyperinflation models in this book explains hyperinflation by a fiscal crisis, characterized by an increasing fiscal deficit. This fiscal crisis yields an intertemporal budget constraint that is not sustainable. The analysis of the pathology of hyperinflation uses the same tools employed to understand the pathologies of public debt and external debt crises. The hyperinflation model allows a taxonomy of hyperinflations, namely bubble, weak and strong, that can be tested with the inflation tax revenue curve.
Member of
Cataloging source
N$T
http://library.link/vocab/creatorName
Barbosa, Fernando de Holanda
Dewey number
332.41
Index
no index present
LC call number
HG229
LC item number
.B37 2017eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
SpringerBriefs in economics,
http://library.link/vocab/subjectName
  • Inflation (Finance)
  • Economics
  • Macroeconomics/Monetary Economics//Financial Economics
  • Public Finance
  • Business Taxation/Tax Law
Label
Exploring the mechanics of chronic inflation and hyperinflation, Fernando de Holanda Barbosa
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 113-116)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Preface -- I -- Hyperinflation Theories: an Abridged Survey -- II -- The Origins and Consequences of Inflation in Latin America -- III -- Chronic Inflation and Hyperinflation -- IV -- Inflation Tax and Money Essentiality -- V -- Hyperinflation: Inflation Tax and Economic Policy Regime -- VI -- Competitive Equilibrium Hyperinflation under Rational Expectations -- VII -- Hyperinflation Pitfalls: Fundamentals versus Bubbles -- VIII -- Bubble, Weak and Strong Hyperinflation: Theory and Empirical Evidence -- References
Dimensions
unknown
Extent
1 online resource (x, 116 pages)
File format
unknown
Form of item
online
Isbn
9783319445120
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1007/978-3-319-44512-0
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
ocn960907613
Label
Exploring the mechanics of chronic inflation and hyperinflation, Fernando de Holanda Barbosa
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 113-116)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Preface -- I -- Hyperinflation Theories: an Abridged Survey -- II -- The Origins and Consequences of Inflation in Latin America -- III -- Chronic Inflation and Hyperinflation -- IV -- Inflation Tax and Money Essentiality -- V -- Hyperinflation: Inflation Tax and Economic Policy Regime -- VI -- Competitive Equilibrium Hyperinflation under Rational Expectations -- VII -- Hyperinflation Pitfalls: Fundamentals versus Bubbles -- VIII -- Bubble, Weak and Strong Hyperinflation: Theory and Empirical Evidence -- References
Dimensions
unknown
Extent
1 online resource (x, 116 pages)
File format
unknown
Form of item
online
Isbn
9783319445120
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1007/978-3-319-44512-0
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
ocn960907613

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