This paper proposes a structural reinterpretation of inflation beyond conventional monetary explanations. It argues that inflation should be understood as a distortion in the system that represents and coordinates value within the Market. The analysis distinguishes between structural (natural) inflation and induced inflation resulting from intervention in money and record systems. It incorporates an empirical illustration based on Bolivia, showing how fragmentation of value representation and inconsistencies in record systems generate observable distortions. The paper provides a unified framework for understanding inflation as a structural phenomenon rather than a purely monetary one.
Rodolfo Lovo (Thu,) studied this question.
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