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       Experiences with Stopping Inflation

                        LELAND   B.  YEAGER
                        AND ASSOCIATES


This volume   surveys eighteen  historical episodes in which inflation
was  stopped or nearly stopped. Six of these episodes were concerned
with ending  hyperinflations, five with pulling back from the brink of
hyperinflation, three with antiinflation programs in Latin  American
countries since World  War  II, and four with  greatly reducing infla-
tions of largely external origin in the 1970s.  The surveys  and  the
accompanying   theoretical discussion shed light on the difficulties of
stopping  long-entrenched  inflation of domestic origin. The  studies
suggest that programs  aimed  at merely  gradual success are unlikely
to command the necessary credibility and that dramatic political
change  can help to achieve that credibility.
     Leland B.  Yeager  is Paul Goodloe  McIntire  Professor of  Eco-
nomics at the University of Virginia.


ISBN 0-8447-3438-1 clothbound edition
ISBN 0-8447-3439-X paperback edition










                                         US $12.00
                                            ISBN-13: 978-0-847-3439-2
                                            ISBN-10: O-8447-3439-X
                                                            51200



                                          9 780844 734392




        American Enterprise Institute for Public Policy Research
        1150 Seventeenth Street, N.W., Washington, D.C. 20036

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