Chapter

High Inflation, Growth Crisis, and Reform: Historical Perspective and Brief Overview

Michael Bruno

in Crisis, Stabilization, and Economic Reform

Published in print August 1993 | ISBN: 9780198286639
Published online September 2006 | e-ISBN: 9780191603839 | DOI: http://dx.doi.org/10.1093/0198286635.003.0001

Series: Clarendon Lectures in Economics

 High Inflation, Growth Crisis, and Reform: Historical Perspective and Brief Overview

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This chapter begins with a comparison of the recent inflationary experiences of heavily indebted and middle-income countries. It then discusses the historical antecedents of high inflation rates, chronic high inflation in recent history, the emergence of the ‘heterodox’ approach to stabilization, and structural crisis and reform. An overview of the chapters included in this volume is presented.

Keywords: economic policy; economic growth; inflation rates; structural crisis; hyperinflation

Chapter.  7784 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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