Yet Another Major Issue: Inflation

  • Guido di Tella
Part of the St Antony’s/Macmillan Series book series


The extraordinary inflation of these years gives rise to a whole set of topics. The first of these has to do with the role of oligopolies and of the conflicts between and within groups in the inflationary process. This subject leads rather naturally into the study of the oscillation of relative prices and of the possibility of correlating it with inflation, to the point of suggesting that inflations can be characterised according to their oscillatory character. Another connected problem is the cyclical character of the inflationary process, a problem distinct from the stop—go character of the economy, which has to do with movements in income rather than movements in inflation rates. The last issue we tackle is the role of indexation and its connection with the effeciency of the economy and with the rekindling of the inflationary process.


Relative Price Trade Balance Real Rate Relative Prex Inflationary Expectation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Arriazu, R. (1979) Movimientos internacionales de capitales, Cuadernos de la CEPAL (Santiago de Chile).Google Scholar
  2. Arriazu, R. (1980) ‘Elección de un sistema cambiario en inflación: ventajas y desventajas de la indexación’ ( Buenos Aires: BCRA, mimeo).Google Scholar
  3. Auernheimer, L. (1979) ‘The Indexation of Money’ (University of Texas at Austin, mimeo).Google Scholar
  4. Baliño, T. (1977) La demanda de dinero y sus componentes en la Argentina. Estimaciones anuales 1935–69, Serie de Estudios Técnicos (Buenos Aires: CEMYB, BCRA ).Google Scholar
  5. Bathia, K. (1974) Index Linking of Financial Contracts: A Survey of the State of the Arts, Bank Staff Working Paper no. 192 ( Washington, DC: IBRD ).Google Scholar
  6. Baumol, W. J. (1966) ‘The Escalated Economy and the Stimulating Effects of Inflation’, Revista internazionale di scienze economiche e commerciale (Feb).Google Scholar
  7. Blejer, M. and Leiderman, L. (1979) Inflation and Relative Price Variability in the Open Economy, Documento de Trabajo (Buenos Aires: CIE, Instituto Torcuato di Tella); and forthcoming in Review of Economics and Statistics.Google Scholar
  8. Brodersohn, M. (1977) Conflictos entre los objetivos de la política económica de corto plazo, Documento de Trabajo no. 77 ( Buenos Aires: CIE, Instituto Torcuato di Tella ).Google Scholar
  9. Canavese, A. (1977) ‘Sobre inflación estructural, dinero pasivo e indexación: reflexiones y precisiones sobre un trabajo de de Pablo’, Desarrollo Económico, no. 67 (Sep–Dec).Google Scholar
  10. Díaz Alejandro, C. (1970) Essays on the Economic History of the Argentine Republic ( Cambridge, Mass.).Google Scholar
  11. Fernández, R. (1980) Inflation and Relative Price Uncertainty ( Buenos Aires: CEMA).Google Scholar
  12. Fernández, R. and Hanson, J. (1976) ‘El rol de la indexación en los procesos inflacionarios de América Latina’, Desarrollo Económico, no. 63 (Oct–Dec).Google Scholar
  13. Friedman, M. (1973) ‘Monetary Correction’, in Giersch, H. (ed.), Essays on Inflation and Indexation.Google Scholar
  14. Gaba, E. (1977) Indexacion y sistema financiero’, Revista argentina de finanzas (June).Google Scholar
  15. Giersch, H. (ed.) (1973) Essays on Inflation and Indexation ( Washington, DC: American Enterprise Institute ).Google Scholar
  16. Gray, J. (1976) ‘Wage Indexation: a Macro-economic Approach’, Journal of Monetary Economics (Jan).Google Scholar
  17. Grinblat, L. (1978) ‘Infacion y precios relativos’ (University of Tucumán, mimeo).Google Scholar
  18. Guisarri, A. (1980) Producto, empleo y precios en Argentina 1961–78 ( Buenos Aires: CIE, Instituto Torcuato di Tella ).Google Scholar
  19. Heyman, D. (1980) Las fluctuaciones de la industria manufacturera argentina 1950–78, Cuadernos de la CEPAL (Santiago de Chile).Google Scholar
  20. Hirsch, F. and Goldthorpe, J. H. (1978) Political Economy of Inflation (London).Google Scholar
  21. Liesner, T. and King, M. (eds) (1975) Indexation for Inflation (London).Google Scholar
  22. Logue, D. and Willet, T. (1975) ‘A Note on the Variability of Inflation, its Measurement and Cause’, Office of the Assistant Secretary for International Affairs, Research Discussion Paper (Washington, DC: US Treasury).Google Scholar
  23. Nevin, E. (1972) Public Debt and Economic Development ( Dublin: Economic Research Institute).Google Scholar
  24. Olivera, J. (1964) On Structural Inflation and Latin American Structuralism, Oxford Economic Papers (Nov).Google Scholar
  25. Olivera, J. (1967) ‘Money Prices and Fiscal Lags: a Note on the Dynamics of Inflation’, Banca Nazionale del Lavoro Quarterly Review (Sep).Google Scholar
  26. Parks, R. W. (1978) ‘Inflation and Relative Price Variability’, Journal of Political Economy (Feb).Google Scholar
  27. Patinkin, D. (1965) Money, Interest and Prices (New York).Google Scholar
  28. Pou, P. (1979) Variabilidad de la tasa de inflación, riesgo y la demanda por dinero, Ensayos Económicos, BCRA (Buenos Aires).Google Scholar
  29. Radcliffe Committee (1959) Memoranda of Evidence, vol. 3, and Minutes and Report (London).Google Scholar
  30. Salama, E. (1978) Demanda de dinero y formación de expectativas: Algunos resultados empíricos, Serie de Estudios Técnicos, no. 32 ( Buenos Aires: CEMYB, BCRA ).Google Scholar
  31. Scott, M. (1976) ‘Some Economic Principles of Accounting: a Constructive View of the Sandilands Report’ (Oxford, mimeo).Google Scholar
  32. di Tella, G. (1979) ‘Price Oscillation, Oligopolistic Behaviour and Inflation: the Argentine Case’, World Development, vol. 7, no. 11–12.Google Scholar

Copyright information

© Guido di Tella 1983

Authors and Affiliations

  • Guido di Tella

There are no affiliations available

Personalised recommendations