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Social and Behavioral Sciences Commons

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Case

1985

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Full-Text Articles in Social and Behavioral Sciences

Does Inflation Tend To Perpetuate Itself? The Case Of Latin America, Ebrahim Harraf May 1985

Does Inflation Tend To Perpetuate Itself? The Case Of Latin America, Ebrahim Harraf

All Graduate Theses and Dissertations

The purpose of this study was threefold: (1) to test the existing theory which explains inflation as a result of its self-generating nature; (2) to investigate the contribution of foreign trade upon inflation; and (3) to test the casual relationship between the rate of inflation and the deficit. A system of four equations has been used to explain the relationship between the price level and the monetary expansion, between the rate of growth of the monetary base and the rate of the monetary expansion, the deficit and the monetary base, and, finally, between the deficit and the price level. As ...