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Yet Another Major Issue: Inflation

  • Guido di Tella
Part of the St Antony’s/Macmillan Series book series

Abstract

The extraordinary inflation of these years gives rise to a whole set of topics. The first of these has to do with the role of oligopolies and of the conflicts between and within groups in the inflationary process. This subject leads rather naturally into the study of the oscillation of relative prices and of the possibility of correlating it with inflation, to the point of suggesting that inflations can be characterised according to their oscillatory character. Another connected problem is the cyclical character of the inflationary process, a problem distinct from the stop—go character of the economy, which has to do with movements in income rather than movements in inflation rates. The last issue we tackle is the role of indexation and its connection with the effeciency of the economy and with the rekindling of the inflationary process.

Keywords

Relative Price Trade Balance Real Rate Relative Prex Inflationary Expectation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Guido di Tella 1983

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  • Guido di Tella

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