Inflation and Balanced Growth

Roberto Oliveira Campos
Additional contact information
Roberto Oliveira Campos: National Bank for Economic Development

Chapter Chapter 4 in Economic Development for Latin America, 1961, pp 82-109 from Palgrave Macmillan

Abstract: Abstract IT has often been observed that, while nineteenth-century economic development was, by and large, achieved without inflation, or at least without chronic and acute inflation, present-day development, in the vast majority of countries, seems to have as its natural accompaniment a continuous inflationary pressure translated, more often than not, into open and protracted inflation. The question that suggests itself is whether this is due to mere monetary mismanagement, or whether the trouble lies deeper. Are there institutional, social, or structural factors that render today’s development process peculiarly vulnerable to inflation?

Keywords: Exchange Rate; Monetary Policy; Foreign Capital; Inflationary Pressure; Balance Growth (search for similar items in EconPapers)
Date: 1961
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08449-4_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349084494

DOI: 10.1007/978-1-349-08449-4_4

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().