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How to avoid runaway inflation. A new and simple method: a secondary currency

Author

Listed:
  • Peter Hilferding

Abstract

A plan to combat inflation, specially the galloping inflation, is stated in thispaper through a simples method which, using a combination of the income policy and avery moderate restriction of demand, consists of the introduction of a new currency or theprice-stable “secondary currency”. After its introduction, the prices and the principal incomesshould be frozen. According to the author, the success of this plan, for any country, willdepend on the obedience to important requirements about its budgetary deficit and currentaccount deficit. JEL Classification: E31.

Suggested Citation

  • Peter Hilferding, 1986. "How to avoid runaway inflation. A new and simple method: a secondary currency," Brazilian Journal of Political Economy, Center of Political Economy, vol. 6(1), pages 54-65.
    • Handle: RePEc:ekm:repojs:v:6:y:1986:i:1:p:54-65:id:1780
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1780/1766
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    More about this item

    Keywords

    Inflation; stabilization;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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