Verfügbarkeit: Real Effects of High Inflation

Real Effects of High Inflation:

This paper revisits the question of the real effects of inflation, on the basis of the experience with 23 high inflation episodes in 17 countries. It finds strong indications that inflation had contractionary effects on a number of important macroeconomic variables, such as GDP, investment and emplo...

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1. Verfasser:	Braumann, Benedikt (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2000
Schriftenreihe:	IMF Working Papers Working Paper No. 00/85
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper revisits the question of the real effects of inflation, on the basis of the experience with 23 high inflation episodes in 17 countries. It finds strong indications that inflation had contractionary effects on a number of important macroeconomic variables, such as GDP, investment and employment. Moreover, high inflation led to a significant decline in real wages, a real depreciation and an improvement in external trade. These patterns are consistent with explanations that stress the transaction role of money, such as models with a cash-in-advance constraint. However, some observations are hard to reconcile with existing theory, especially the large magnitude of the fall in real wages.1
Beschreibung:	1 Online-Ressource (22 p)
ISBN:	1451850743 9781451850741

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spelling	Braumann, Benedikt Verfasser aut Real Effects of High Inflation Braumann, Benedikt Washington, D.C International Monetary Fund 2000 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 00/85 This paper revisits the question of the real effects of inflation, on the basis of the experience with 23 high inflation episodes in 17 countries. It finds strong indications that inflation had contractionary effects on a number of important macroeconomic variables, such as GDP, investment and employment. Moreover, high inflation led to a significant decline in real wages, a real depreciation and an improvement in external trade. These patterns are consistent with explanations that stress the transaction role of money, such as models with a cash-in-advance constraint. However, some observations are hard to reconcile with existing theory, especially the large magnitude of the fall in real wages.1 Online-Ausg http://elibrary.imf.org/view/IMF001/05543-9781451850741/05543-9781451850741/05543-9781451850741.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Braumann, Benedikt Real Effects of High Inflation
title	Real Effects of High Inflation
title_auth	Real Effects of High Inflation
title_exact_search	Real Effects of High Inflation
title_exact_search_txtP	Real Effects of High Inflation
title_full	Real Effects of High Inflation Braumann, Benedikt
title_fullStr	Real Effects of High Inflation Braumann, Benedikt
title_full_unstemmed	Real Effects of High Inflation Braumann, Benedikt
title_short	Real Effects of High Inflation
title_sort	real effects of high inflation
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