Living Standards and Inflation

John Mills
Additional contact information
John Mills: John Mills Ltd

Chapter 6 in Europe’s Economic Dilemma, 1998, pp 129-154 from Palgrave Macmillan

Abstract: Abstract There is a widespread fear that exchange rate changes automatically generate inflationary pressures in devaluing economies. It has always been a major tenet of the monetarist position that any benefits secured from depreciation will at best be temporary. They will soon be lost, it is argued, as a result of increasing inflation in the devaluing country, leaving the economy concerned in no more competitive a position than it was before, after a short adjustment process, but also with a legacy of an enhanced level of inflation.

Keywords: Exchange Rate; Price Level; Inflation Rate; Real Wage; Money Supply (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations:

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:palchp:978-0-230-38963-2_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230389632

DOI: 10.1057/9780230389632_6

Access Statistics for this chapter

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