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3 octobre 2021
- ISIDORE Id: 10670/1.bc63dd...
- hal: hal-03363240
info:eu-repo/semantics/OpenAccess
Mots-clés
Inflation Hyperinflation Post-Keynesian analysis Structuralist analysis B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches E - Macroeconomics and Monetary Economics/E.E1 - General Aggregative Models/E.E1.E12 - Keynes • Keynesian • Post-Keynesian E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E31 - Price Level • Inflation • DeflationSujets proches
Methods of analysis Analysis and chemistry Analytical methods Chemical analysis Analysis methods Analysis and examinationCiter ce document
Sébastien Charles et al., « Inflation Regimes and Hyperinflation. A Post-Keynesian/Structuralist typology », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.bc63dd...
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Résumé
The article proposes a typology of inflation regimes that can be applied to any kind of economy based on the Post-Keynesian and structuralist literature. We identify three separate regimes: the low, moderate, and high inflation regimes. Hyperinflation is also defined and described. Each regime presents different characteristics. We identify the key role played by the distributive conflict between workers and capitalists in all the regimes, the role played by the indexation of wages on domestic prices in the moderate and high inflation regimes, and the specific roles played by the widespread indexation on a short term basis in the high inflation regime. Hyperinflation is explained by selffulfilling prophecies about exchange rate variations and by the rejection of the domestic currency. Our analysis underlines the fact that the current fear of inflation is largely groundless.
