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This book analyses the causes of inflation in Uruguay. It studies the relationship between inflation, external trade and monetary transactions. The effects of the system of strict trade barriers and of liberalization are compared. The author uses monetarist, structuralist, and neo-structuralist approaches in the analysis. The book concludes that each has something to offer in terms of explaining inflation, but no one system has the complete answer.

The US federal and trade deficits that exist today give rise to the fear that Washington will promote inflation in order to ease the repayment of the national debt - that purchasing power and, ultimately, the standard of living will be eroded. How have other nations copied in recent years with triple digit inflation, or event inflation that has reached 1,000 per cent to 21,000 per cent annually? This book presents the examples of three models - Argentina, Brazil and Israel - that have implemente...

The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.

#1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea: “What seems crazy in normal times becomes necessary in a crisis.” The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits...

Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research. The overall aim of this text is to provide a compact ove...

There is widespread and growing consensus that the single most important goal of monetary policy should be the pursuit of price stability. To reflect this an increasing number of central banks have been granted independence and charged with the exclusive objective of controlling inflation. In January 1999 the Central Bank of Brazil decided to adopt an explicit inflation targeting approach. To inform this process the Bank and the International Monetary Fund held a seminar in Rio de Janeiro on 3-5...

This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.