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Theories on the Use of Inflation in Economic Analysis

Author

Listed:
  • Andreea BALTAC

    (“Artifex”University of Bucharest)

Abstract

The 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.

Suggested Citation

  • Andreea BALTAC, 2012. "Theories on the Use of Inflation in Economic Analysis," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(4), pages 111-116, November.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:4:p:111-116
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    References listed on IDEAS

    as
    1. Lawrence Klein, 1990. "The open economy," Open Economies Review, Springer, vol. 1(1), pages 3-16, February.
    2. 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.
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    More about this item

    Keywords

    inflation; price; economic analysis; deflator; indicator;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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