The Costs of Inflation

✅ Macroeconomics of inflation is an existing field 🏑. Old 🧓 and ➕ new 🆕 techniques are implemented here, and ➕ new 🆕 theories are checked 🏁 and ➕ reconsidered. One 1️⃣ of the main topics of this field 🏑 is to have a clear idea 💡 on the costs of inflation, as well as what mechanisms 👨‍🔧 underlying the association between inflation and ➕ poor economic performance 🎭️, more evident in developing 👨‍💻️ countries. They have experienced long 🏃‍♂️ periods of high inflation ➕ economic stagnation. Hence, inflation should be always a priority in the agenda of economic policy, but especially in 👨‍💻️-high inflation countries. In this sense, the motivation of this 📚️ is to contribute with updated 🧾 on the costs of inflation, through its effect on the price system, in economies with different 🎚️ of 👨‍💻️, which are clearly associated to different inflationary experiences. This 📚️ contains a vast recompilation of research on that subject of the last 2️⃣ decades. It is 🍇 of the initial ⚙️ carried out in my 😷 thesis ➕ posterior investigations, which have experienced long run periods of high inflation and economic stagnation. Hence, inflation should be always a priority in the agenda of economic policy, but especially in developing-high inflation countries. In this sense, the motivation of this book is to contribute with updated evidence on the costs of inflation, through its effect on the price system, in economies with different level of development, which are clearly associated to different inflationary experiences. This book contains a vast recompilation of research on that subject of the last two decades. It is fruit of the initial work carried out in my doctoral thesis and posterior investigations, which have encompassed a wider sample of cases. This book 📚️ is especially useful for academics and ➕ policimakers specializing on inflation processes.

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