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Latin American Inflation: Theoretical Interpretations and Empirical Results - Hardcover

Julio Cole

 
9780275928094: Latin American Inflation: Theoretical Interpretations and Empirical Results

Synopsis

In his book, Cole points out that a simple monetarist model can explain Latin Amercian inflation, although it cannot by itself provide an explanation in terms of the ultimate causes of inflation. This is the basis of the structuralist critique, which attempts to provide an explanation in a deeper, overall sense. The author concludes that while the monetarist model deals with empirical testing and data, the structuralist approach highlights the human element and country-specific circumstances that cannot really be measured. In addition, an analysis of the recent Bolivian hyperinflation is given.

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About the Author

JULIO HAROLD COLE is Professor of Money and Banking at the Universidad Francisco Marroquin in Guatemala.

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