Theories on the Use of Inflation in Economic Analysis

Andreea Baltac
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Andreea Baltac: “Artifex”University of Bucharest

Romanian Statistical Review Supplement, 2012, vol. 60, issue 4, 111-116

Abstract: The term inflation, in a first phase, was related to currency, money later and is now commonly used to describe the prices. This change of paradigm seems to originate in a sequence of unfortunate events, but probably inevitable. The article presents the main theories that have led to the definition of the concept of "inflation" highlighting the successive acceptiile that economists – starting with those classics, contemporary of Adam Smith – they have assigned over time of this economic phenomenon.

Keywords: inflation; price; economic analysis; deflator; indicator (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:60:y:2012:i:4:p:111-116

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