Campos, Nauro (contributor); Hsiao, Cheng (contributor); … - 2006
early empirical paper of this
sort is Bruno and Easterly (1996) which shows that hyperinflation (or at least high inflation …
hypothesis. More specifically, although episodes of extremely high inflation or black market
premiums are indeed followed by … periods of better performance than episodes of only
moderately high inflation or black market premiums, similar results do …