Theories on the Use of Inflation in Economic Analysis
Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 4
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 accepțiile that economists – starting with those classics, contemporary of Adam Smith – they have assigned over time of this economic phenomenon.
Authors and Affiliations
Andreea BALTAC
Keywords
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