open inflation

Also found in: Financial.

open inflation

[‚ō·pən in′flā·shən]

(astronomy)

A version of the inflationary universe cosmology in which there is sufficient inflation to solve the horizon problem but not enough to result in a flat universe.

References in periodicals archive ?

Inflation may be described as rising prices or open inflation. In special cases when prices are kept on an unchanged level (price freezing), resulting, for example, from the government's intervention or growth is restricted without removing inflationary forces, then postponed (suspended) inflation may appear as a lack of goods (in extreme cases, rationing of goods) and unsatisfied demand which leads to compulsory savings.

Open inflation is most often measured by indexing the prices of goods and services.

Inflation Processes in Poland during the Transformation Period

A common explanation of the open inflation in economic reform offered by comparative economists is the release of existing monetary overhang.