Chronic inflation in an industrialising economy : the Brazilian experience

Bibliographic Information

Chronic inflation in an industrialising economy : the Brazilian experience

Vincent Parkin

Cambridge University Press, 1991

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Note

Based on the author's thesis (Ph. D.)--University of Cambridge

Bibliography: p. 297-310

Includes index

Description and Table of Contents

Description

Since the military coup d'etat 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.

Table of Contents

  • 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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