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Look Inside Chronic Inflation in an Industrializing Economy

Chronic Inflation in an Industrializing Economy
The Brazilian Experience

$45.99 (C)

  • Date Published: March 2010
  • availability: Available
  • format: Paperback
  • isbn: 9780521134125

$ 45.99 (C)

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About the Authors
  • 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.

    Reviews & endorsements

    "David Parkin's monograph belongs to that distinctive shelf of metaphysical ethnographies of Africa...the book is lucidly written, comprising a coherent essay from start to finish." George Park, The Canadian Review of Sociology and Anthropology

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    Product details

    • Date Published: March 2010
    • format: Paperback
    • isbn: 9780521134125
    • length: 336 pages
    • dimensions: 229 x 152 x 19 mm
    • weight: 0.5kg
    • availability: Available
  • Table of Contents

    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

  • Author

    Vincent Parkin

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