Chronic inflation
From Wikipedia, the free encyclopedia
Chronic inflation occurs when a country experiences high inflation for a prolonged period of time (several years or decades).[1] In countries with chronic inflation, inflation expectations become 'built-in', and it becomes extremely difficult to reduce the inflation rate.[2]
[edit] References
- ^ "[www.economywatch.com/inflation/chronic.html Chronic inflation]". www.economywatch.com/inflation/chronic.html. Retrieved on 2009-05-14.
- ^ "[econpapers.repec.org/paper/pramprapa/13689.htm Inflation stabilization in chronic inflation countries: The empirical evidence]". econpapers.repec.org/paper/pramprapa/13689.htm. Retrieved on 2009-05-14.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
