Inflation, Uncertainty, and Growth in Colombia

Inflation, Uncertainty, and Growth in Colombia
It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater dispersion of relative prices. In either case, inflation could reduce the efficiency of market prices in coordinating economic activities. This paper shows that the rise of inflation in Colombia, from low levels in the 1950s to... READ MORE...

Publication date: November 1998
ISBN 9781451981582
$15.00

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