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Home > Catalogue > Chronic Inflation in an Industrializing Economy
Chronic Inflation in an Industrializing Economy


  • Page extent: 334 pages
  • Size: 204 x 159 mm
  • Weight: 0.62 kg

Library of Congress

  • Dewey number: 332.4/1/0981
  • Dewey version: 20
  • LC Classification: HG835 .P37 1991
  • LC Subject headings:
    • Inflation (Finance)--Brazil
    • Prices--Brazil
    • Wages--Brazil
    • Inflation (Finance)--Brazil--Econometric models

Library of Congress Record

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 (ISBN-13: 9780521375405 | ISBN-10: 0521375401)

DOI: 10.2277/0521375401

  • Also available in Paperback
  • Published June 1991

Since the military coup d'├ętat in 1964 Brazil has experienced a period of almost uninterrupted inflation measured in tens and sometimes hundreds of per cent per year. 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. He rejects the monetarist explanation for inflation and argues instead that the relationship between money and inflation is seldom clear-cut. The book will be of interest to all economists concerned with inflation and Latin America.


Preface; Introduction; Part I. Theory and Empirical Background: 1. A theoretical framework for the study of inflation rooted in the Latin American structuralist approach; 2. Brazil's experience with inflation since 1960: the evidence and existing interpretations; Part II. The Determinants of Wages and Prices: 3. The manufacturing price index; 4. Average earnings in manufacturing industry; 5. The price of food and food supply; 6. Other price relationships; Part III. The Inflationary Process: 7. A marcoeconomic model for Brazil; 8. Model validation and evaluation; 9. Policy experiments; 10. Conclusion; Appendices; Notes; Bibliography; Index.

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