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Inflation and Balanced Growth

In: Economic Development for Latin America

Author

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  • Roberto Oliveira Campos

    (National Bank for Economic Development)

Abstract

IT has often been observed that, while nineteenth-century economic development was, by and large, achieved without inflation, or at least without chronic and acute inflation, present-day development, in the vast majority of countries, seems to have as its natural accompaniment a continuous inflationary pressure translated, more often than not, into open and protracted inflation. The question that suggests itself is whether this is due to mere monetary mismanagement, or whether the trouble lies deeper. Are there institutional, social, or structural factors that render today’s development process peculiarly vulnerable to inflation?

Suggested Citation

  • Roberto Oliveira Campos, 1961. "Inflation and Balanced Growth," International Economic Association Series, in: Howard S. Ellis (ed.), Economic Development for Latin America, chapter 0, pages 82-109, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08449-4_4
    DOI: 10.1007/978-1-349-08449-4_4
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    Cited by:

    1. Grilli, Enzo, 2005. "Political economy and economic development in Latin America in the second half of the 20th century," Journal of Policy Modeling, Elsevier, vol. 27(1), pages 1-31, February.

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