Abstract
Inflation-stabilization efforts can fail in at least two ways. First, they may generate excessive recession, bankruptcy, and unemployment. Second, they may suppress inflation only temporarily, or not at all, with resurgent inflation following or even preceding relaxation of the stabilization policies.
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© 1992 Paul Beckerman
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Beckerman, P. (1992). The Dilemmas of Inflation-Stabilization Policy. In: The Economics of High Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-21713-7_6
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DOI: https://doi.org/10.1007/978-1-349-21713-7_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-21715-1
Online ISBN: 978-1-349-21713-7
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