Theories on the Use of Inflation in Economic Analysis
AbstractThe term inflation, in a first phase, was related to currency, money later and is now commonly used to describe the prices. This change of paradigm seems to originate in a sequence of unfortunate events, but probably inevitable. The article presents the main theories that have led to the definition of the concept of "inflation" highlighting the successive acceptiile that economists – starting with those classics, contemporary of Adam Smith – they have assigned over time of this economic phenomenon.
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Bibliographic InfoArticle provided by Romanian Statistical Review in its journal Romanian Statistical Review Supplement.
Volume (Year): 60 (2012)
Issue (Month): 4 (November)
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More information through EDIRC
inflation; price; economic analysis; deflator; indicator;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
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- Constantin ANGHELACHE & Mihai GHEOGHE & Alexandru MANOLE & Adina Elena FETCU (STOICA) & Luminita CIOCAN, 2012. "Main Aspects regarding the Consumer Price Index," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(1), pages 39-44, March.
- Lawrence Klein, 1990. "The open economy," Open Economies Review, Springer, vol. 1(1), pages 3-16, February.
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