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The Economics of High Inflation (Hardcover)
Loot Price: R2,927
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The Economics of High Inflation (Hardcover)
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This book describes the complex of economic processes which
sustains inflationary pressure in nations with severe inflation
problems. Paul Beckerman uses an innovative approach to study the
strategies inhabitants of economies with lengthy inflation
experience use to maintain their purchasing power despite
inflation. He examines how these tactics function as 'feedback
mechanisms', economic processes by which inflation in any given
time period generates inflationary pressure in subsequent periods,
and how they complicate the efforts of policy-makers to achieve
stabilization.
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