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Institutions, Inflation and Unemployment (Hardcover)
Loot Price: R2,806
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Institutions, Inflation and Unemployment (Hardcover)
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In Institutions, Inflation and Unemployment, Edward J. Amadeo
investigates the relationship between inflation and distributive
conflict among social groups in an environment of pervasive
uncertainty. Professor Amadeo considers theoretical, institutional
and empirical aspects of a problem, chronic and very high
inflation, which has been at the heart of the economic crisis in
Brazil during the last 15 years. After analysing economic models of
wage and price determination in regimes of high inflation, the
author examines institutional approaches to the organization of
unions and the structure of wage bargains - with emphasis on the
centralization of bargains - and concludes with a discussion and
empirical assessment of the relation between wage bargaining and
inflation in Brazil. Combining a sophisticated theoretical analysis
with a rigorous study of Brazil's recent period of rampant
inflation, Professor Amadeo offers both theoretical and applied
economists a series of informed and significant insights into the
phenomenon of inflation.
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