About
Contact
Help
Sending publications
How to publish
Advanced Search
View Item 
  •   Home
  • Facultad de Economía y Negocios
  • Artículos de revistas
  • View Item
  •   Home
  • Facultad de Economía y Negocios
  • Artículos de revistas
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse byCommunities and CollectionsDateAuthorsTitlesSubjectsThis CollectionDateAuthorsTitlesSubjects

My Account

Login to my accountRegister
Biblioteca Digital - Universidad de Chile
Revistas Chilenas
Repositorios Latinoamericanos
Tesis LatinoAmericanas
Tesis chilenas
Related linksRegistry of Open Access RepositoriesOpenDOARGoogle scholarCOREBASE
My Account
Login to my accountRegister

On the causes of inflation: a brief introduction to the strategic theory

Artículo
Thumbnail
Open/Download
IconAlexander_Galetovic.pdf (1.736Mb)
Publication date
1993-12
Metadata
Show full item record
Cómo citar
Galetovic Potsch, Alexander
Cómo citar
On the causes of inflation: a brief introduction to the strategic theory
.
Copiar
Cerrar

Author
  • Galetovic Potsch, Alexander;
Abstract
This note is a brief introduction to the strategic theory of inflation initiated by Barro and Gordon (1983a). The discussion is organized around the question of which are the causes of inflation according to the strategic theory. I show that the answer depends on whether the Central Bank can precommit itself in the very short run to choose an arbitrary rate of growth of money. If the Central Bank cannot precommit itself, it can deliberately create unexpected inflation. Then the potential short-run gains of unexpected inflation affect the long-run inflation rate –i.e these potential short-run gains are a fundamental cause of inflation not necessarily related with the long-run fiscal deficit. Moreover, the assertion that money causes inflation is not warranted; and both politics and institutions affect the long-run inflation rate directly, not only through the fiscal deficit.
Identifier
URI: https://repositorio.uchile.cl/handle/2250/128151
Quote Item
Estudios de Economía. Vol. 20, No. 2, Diciembre 1993 Págs. 399-411
Collections
  • Artículos de revistas
xmlui.footer.title
31 participating institutions
More than 73,000 publications
More than 110,000 topics
More than 75,000 authors
Published in the repository
  • How to publish
  • Definitions
  • Copyright
  • Frequent questions
Documents
  • Dating Guide
  • Thesis authorization
  • Document authorization
  • How to prepare a thesis (PDF)
Services
  • Digital library
  • Chilean academic journals portal
  • Latin American Repository Network
  • Latin American theses
  • Chilean theses
Dirección de Servicios de Información y Bibliotecas (SISIB)
Universidad de Chile

© 2020 DSpace
  • Access my account