IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v9y1989i1p1-16id1596.html
   My bibliography  Save this article

From chronic inflation to hyperinflation: observations on the current situation

Author

Listed:
  • André Lara Resende

Abstract

This article makes a classification of inflation processes. Moderate inflation isa phenomenon represented by Phillip’s Curve. In chronic inflation, inertial and backward-looking indexation are major factors. Hyperinflation eliminates backward-looking indexationand is dominated by expectation and the public factor financial difficulties. It is arguedthat although the public inflation factor deficit is not always the primary cause of chronicinflation, in later stages no government deficit whatsoever can be financed. The lack of alLsources of public factor financing is what characterizes the transition to hyperinflation. Thecurrent Brazilian scene is analysed. JEL Classification: E31.

Suggested Citation

  • André Lara Resende, 1989. "From chronic inflation to hyperinflation: observations on the current situation," Brazilian Journal of Political Economy, Center of Political Economy, vol. 9(1), pages 1-16.
    • Handle: RePEc:ekm:repojs:v:9:y:1989:i:1:p:1-16:id:1596
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1596/1582
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Inflation; hyperinflation; monetary policy;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:9:y:1989:i:1:p:1-16:id:1596. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.