A note on the Pazos-Simonsen mechanism and Kaldor's early research on Latin American inflation
In contrast with the inflationary finance story, inflation acceleration in Latin America has been explained as the result of the interaction of inflation dynamics and the frequency of wage adjustments. Accordingly, small inflation disturbances are connected with a shift from moderate to high inflati...
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| Format: | Article |
| Language: | English |
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Editora 34
2013-06-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572013000200004&lng=en&tlng=en |