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The Dynamics of Inflation: An Analysis of the Relations Between Inflation, Public Sector Financial Fragility, Expectations, and Profit Margins
enlarge	Author: Antonio Kandir Publisher: University of Notre Dame Press Category: Book List Price: ~~$34.50~~ Buy Used: $2.69 as of 9/6/2010 07:59 CDT details You Save: $31.81 (92%) In Stock New (4) Used (14) from $2.69 Seller: books_beyond_borders_ Sales Rank: 797,107 Media: Hardcover Pages: 192 Number Of Items: 1 Shipping Weight (lbs): 1 Dimensions (in): 9.3 x 6.3 x 0.8 ISBN: 0268008671 Dewey Decimal Number: 332.414 EAN: 9780268008673 ASIN: 0268008671 Publication Date: April 1991 Availability: Usually ships in 1-2 business days



Editorial Reviews: Product Description "The Dynamics of Inflation" presents a detailed, theoretical schema for the study of accelerating inflation in chronically inflated economies with complex productive structures. Antonio Kandir demonstrates that because of adjustment, these economies tend to move toward a situation where inflation begins to acquire an endogenous acceleration component that raises serious problems for all kinds of stabilization policies. Kandir begins by establishing criteria for classifying theories of inflation and defines the theoretical perspective on which this book is based. He argues that integration between the macroeconomic and microeconomic levels is needed to understand the dynamics of prices under conditions of high instability. He develops an overall framework to study the short-run dynamics of desired markups and demonstrates that expectations about the future prices of public-fiscal goods and exchange goods assume importance in determining desired markups. Kandir concludes that these attempts at adjustment lead to pressures for changes in relative prices between sectors with different patterns of use of these goods; and that in turn leads to an accelerating inflation that is sustained for as long as the adjustment is considered complete.