Inflation in Latin America, 1970-1980
Main Article Content
Abstract
Inflation is not a new phenomenon in Latin America. In fact, it is often stated that in this region inflation is a way of life, the natural state of ccs"- This generalization, like many others, is not completely accurate, although it does concisely describe the monetary history of many Latin American countries.
However, from a strict economic point of view there is nothing very special about Latin American inflations. Ultimately there is no doubt that these inflations originate from very peculiar historical-political circumstances, on which economists cannot shed much light-this is the task of scientists, politicians and historians. On the other hand, the experience of decades of chronic inflation cannot fail to produce some interesting sociocultural types, which deserve the attention of sociologists and social psychologists. But if we abstract from these political factors and their social implications, the fact is that Latin American inflations are not very different from those that have occurred in other regions and periods. This is the thesis of this work, which is a statistical analysis of the experience of sixteen countries during the period 1970-1980.
Downloads
Article Details
Los autores que publiquen en la Revista ACTA ACADÉMICA aceptan las siguientes condiciones:
De acuerdo con la legislación de derechos de autor, la Revista ACTA ACADÉMICA reconoce y respeta el derecho moral de los autores, así como la titularidad del derecho patrimonial, el cual será cedido a la revista para su difusión en acceso abierto.
La Revista ACTA ACADÉMICA no realiza cargos a las/los autoras/es por enviar y procesar artículos para su publicación.
Todos los textos publicados por la Revista ACTA ACADÉMICA –sin excepción– se distribuyen amparados bajo la licencia Creative Commons que permite a terceros utilizar lo publicado siempre que mencionen la autoría del trabajo y a la primera publicación en esta revista.
References
Balbach, A. How Controllable is Money Growth? Federal Reserva Bank of St Louis Review, Abril 1981, pp. 3-12
Campos, Roberto de Oliveira. Two Views on Inflation in Latin America. En A. Hirschman, ed., Latin American Issues, pp. 69-79. Nueva York: Twentieth Century Fund, 1961.
Crockett, A., y O. Evans. Demand for Money in Middle Eastern Countries. IMF Staff Papers, Sept 1980, pp. 543-77.
Fama, E. Inflation, Output, and Money. Journal of Business, Abril 1982, pp. 201-31.
Fetter, F.W. Thomas Tooke. International Encyclopedia of the Social Sciences, (1968), vol. 16, pp. 103-05.
Friedman, M. The Quantity Theory of Money-A Restatement. En M. Friedman, ed., Studies in the Quantity Theory of Money, pp. 3-21. Chicago: Univ. of Chicago Press, 1956. The Demand for Money: Some Theoretical and Empirical Results. Journal of Political Economy, Agosto 1959, pp. 327-51. Money: Quantity Theory. International Encyclopedia of the Social Sciences, (1968), vol. 10, pp. 432-47.
Galbis, V. Inflación: La Experiencia Latinoamericana, 1970-79. Finanzas y Desarrollo, Sept 1982, pp. 22-26
Goodhart, C. Money in an Open Economy. En P. Ormerod, ed., Economic Modelling. Londres: Heinemann, 1979.
Khan, M.S. import and Export Demand in Developing Countries. IMF Staff Papers, Nov. 1974, pp. 678-93.
Kravis, I. Comparative Studies of National Incomes and Prices. Journal of Economic Literature, Marzo 1984, pp. 1-39.
Meiselman, D. Worldwide Inflation: A Monetarist View. En D. Meiselman y A. Laffer, eds., The Phenomenon of Worldwide Inflation, pp. 69-112. Washington: American Enterprise Institute, 1975.
Morgenstern, O. On the Accuracy of Economic Observations, 2a. ed. Princeton: Princeton Univ. Press, 1963.
Officer, L. The Purchasing-Power-Parity Theory of Exchange Rates; A Review Article. IMF Staff Papers, marzo 1976, pp. 1-60.
Padvalskis Simkus, D. T. de. Reseña de O. Sunkel, et al., Inflación y Estructura Económica. Revista de la Integración, N° 1, Nov. 1967, pp. 282-85.
Seers, D. A Theory of Inflation and Growth in Under-Developed Countries Based on the Experience of Latin America. Oxford Economic Papers, junio 1962, pp. 173-95
Vogel, R. The Dynamics of Inflation in Latin America, 1950-1969. American Economic Review, Marzo, 1974, pp. 102-14.
Wallich, H. Quantity Theory and Quantity Policy. En W. Fellner, et al., ed., Ten Economic Studies in the Tradition of Irving Fisher. Nueva York: Wiley, 1967.
World Bank. Annual Report 1981. Washington: World Bank, 1981.