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Inflationary effects of high nominal interest rates.

Authors :
Podkaminer, Leon
Source :
Journal of Post Keynesian Economics; Summer98, Vol. 20 Issue 4, p583, 14p
Publication Year :
1998

Abstract

Examines the inflationary effects of high nominal interest rates. Slowing down of inflation; Depression of stocks of commodities throughout the economy; Analysis of real interest rates; Evaluation of the process used for cost-price adjustments when all working capital is financed by credit; Possibility for high nominal interest rates to generate steady inflation.

Subjects

Subjects :
INTEREST rates
PRICE inflation

Details

Language :
English
ISSN :
01603477
Volume :
20
Issue :
4
Database :
Complementary Index
Journal :
Journal of Post Keynesian Economics
Publication Type :
Academic Journal
Accession number :
837286
Full Text :
https://doi.org/10.1080/01603477.1998.11490169