Search Results - subject_exact:"Hyperinflation"

Monetary fundamentals and exchange rate forecasting in hyperinflation

Alawin, Mohammad - 2026

The Meese-Rogoff puzzle suggests that exchange rate models rarely outperform a random walk in out-of-sample forecasting. This paper re-examines that puzzle in the context of the German hyperinflation, an environment in which monetary forces dominate economic behavior. Using simple bivariate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628383

Managing the chaos : policy challenges in a hyperinflationary environment

Boitani, Andrea; Dragomirescu-Gaina, Catalin; … - 2025

We delve into Venezuela's 2018-2019 hyperinflation episode to examine the policy constraints autocratic governments face during extreme economic distress. We develop a simple model that reflects dynamics in a segmented foreign exchange (FX) market and allows us to understand how media coverage...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418068

A general theory of conflict inflation

Woodgate, Ryan - 2025

This paper develops a novel conflict inflation model to unify the analysis of stable and explosive inflation dynamics, addressing a central theoretical divide in the literature. After providing explicit foundations for wage and price setting behaviour, it is shown that inflation expectations...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439232

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A general theory of conflict inflation

Woodgate, Ryan - 2025

Book / Working Paper

The German inflation trauma : Weimar's policy lessons between persistence and reconstruction

Barkhausen, David; Teupe, Sebastian - 2025

The notion of a nation-specific inflation trauma among the German population is ubiquitous in the public debate in Germany and beyond. According to a widespread reading of history because of its experience with hyperinflation in 1923, the Germans not only fear rising prices but favor a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398583

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The German inflation trauma : Weimar's policy lessons between persistence and reconstruction

Barkhausen, David; Teupe, Sebastian - 2023

Book / Working Paper

Estimating the welfare costs of very high inflations and hyperinflations

Benati, Luca; Nicolini, Juan Pablo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014494959

Runaway inflation in Chile, 1970-1973

Edwards, Sebastian - 2024

In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333361

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Runaway inflation in Chile, 1970-1973

Edwards, Sebastian - 2024

Article

Hyperinflation perceptions : an experimental study

Assi, Ranim; Maniadis, Zacharias; Geōrganas, Sōtērēs - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608755

Towards a demand for money measurement ? : application to the German hyperinflation of the early 1920s

Prat, Georges - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015578800

How do monetary policy and inflation announcements affect firm expectations in high inflation?

Akarsu, Okan; Aktuğ, Emrehan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641895

Echoes of hyperinflation : the link between past exposure and formation of expectations

Akgündüz, Yusuf Emre; Cilasun, Seyit Mümin; Deryol, Ahmet - 2026

This paper studies how lifetime inflation exposure shapes individuals' inflation expectations, perceptions, and financial behavior. Using a large individual-level dataset from Türkiye spanning 2014 to 2024, combined with detailed measures of past inflation experiences, we show that individuals...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015632407

Government Support in Times of Crisis: Transfers and the Road to Socialism

González, Felipe; Prem, Mounu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338954

Managing the chaos: Policy challenges in a hyperinflationary environment

Boitani, Andrea; Dragomirescu-Gaina, Catalin; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432554

The German inflation trauma: Weimar's policy lessons between persistence and reconstruction

Barkhausen, David; Teupe, Sebastian - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550089

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The German inflation trauma: Weimar's policy lessons between persistence and reconstruction

Barkhausen, David; Teupe, Sebastian - 2023

Book / Working Paper

Trauma as a Tool: Hyperinflation Narratives in German Fiscal Policy Debates on European Monetary Integration

Barkhausen, David - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015586752

The long-term effects of inflation on inflation expectations

Braggion, Fabio; Meyerinck, Felix von; Schaub, Nic; … - 2025

We study the long-term effects of inflation surges on inflation expectations using Germany as a laboratory. Households living in areas with higher local inflation during the hyperinflation of the 1920s expect higher inflation today, even after controlling for known determinants of historical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015203041

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The Long-term Effects of Inflation on Inflation Expectations

Braggion, Fabio; Meyerinck, Felix von; Schaub, Nic; … - 2024

Book / Working Paper

The long-term effects of inflation on inflation expectations

Braggion, Fabio; Meyerinck, Felix von; Schaub, Nic; … - 2024

Book / Working Paper

The Long-term Effects of Inflation on Inflation Expectations

Braggion, Fabio; Meyerinck, Felix von; Schaub, Nic; … - 2023

Book / Working Paper

Government support in times of crisis : transfers and the road to socialism

González, Felipe; Prem, Mounu - 2025

Despite the adverse effects of economic crises, incumbents often retain significant electoral support. We attribute this resilience to the intensified political returns of transfers during crises. Our context is the largest infant nutrition program in the world, implemented by Salvador Allende...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196649

The sky's the limit : the economics of inflation and hyperinflation

Segal, Paul - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463669

Hyperinflation expectations : an experimental study

Assi, Ranim; Maniadis, Zacharias; Geōrganas, Sōtērēs - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450262

Hyperinflation and explosive behaviour in the general price level

Crespo, Raul J. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451901

Do cryptocurrencies matter?

Biais, Bruno; Rochet, Jean-Charles; Villeneuve, Stéphane - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436388

Inflation expectations in action : exploring agents' behaviour in a period of high inflation

Rai, Naveen; Touchburn, Hayley; West, Matthew - 2025

Inflation expectations are important to monetary policy decision-makers. The period of high inflation after the pandemic provides a useful context for exploring how inflation expectations influence the behaviours of firms and consumers. Using survey evidence, we examine how firms and consumers...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558086

Hyperinflation and stabilization: the case of Peru 1988-1992

Armas Rivas, Adrián; Quispe Misaico, Zenón - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574562

Venezuelas Wahlkampagne der besonderen Art : wie Präsident Maduro die Wähler für sich gewinnen will

Maihold, Günther - 2024

Am 28. Juli 2024 finden in Venezuela Präsidentschaftswahlen statt, bei denen sich der seit 2013 regierende Staatschef Nicolás Maduro im Amt bestätigen lassen möchte. Mit María Corina Machado ist ihm eine Gegenkandidatin erwachsen, die zwar die Massen mobilisiert, aber nicht antreten darf....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631607

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Venezuelas Wahlkampagne der besonderen Art: Wie Präsident Maduro die Wähler für sich gewinnen will

Maihold, Günther - 2024

Book / Working Paper

Inflation dynamics in the high inflation period : insights from microdata

Klein, Mathias; Strömberg, Klara; Tysklind, Oskar - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575181

The Riksbank's response to the post-COVID period of high inflation

Ingves, Stefan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014492251

The Federal Reserve's responses to the post-COVID period of high inflation

Ihrig, Jane; Waller, Chris - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014492258

On testing for bubbles during hyperinflations

Morita, Rubens; Psaradakis, Zacharias G.; Sola, Martin; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014506885

Estimating the welfare costs of very high inflations and hyperinflations

Benati, Luca; Nicolini, Juan Pablo - 2024

We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014480885

Credit-fueled demand and shrinking aggregate supply : a study on the hyperinflation in Venezuela

Barredo-Zuriarrain, Juan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014448086

Inflation and hyperinflation countries in 2018-2020: Risks of different assets and foreign trade

Hilmola, Olli-Pekka - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013201301

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Inflation and hyperinflation countries in 2018-2020 : risks of different assets and foreign trade

Hilmola, Olli-Pekka - 2021

Article

How to escape from the debt trap : lessons from the past

Mayer, Thomas; Schnabl, Gunther - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014303410

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How to escape from the debt trap : lessons from the past

Mayer, Thomas; Schnabl, Gunther - 2021

Book / Working Paper

Soaring in rationality : bonds as a partial hedge against hyperinflation

Xu, Zhihao - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579740

Inflation Trauma? Die Hyperinflation von 1923 in Bildern und Theorien

Greitens, Jan - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014289955

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Inflation Trauma? : die Hyperinflation von 1923 in Bildern und Theorien

Greitens, Jan - 2023

Article

Die große Inflation in Deutschland 1914 bis 1923

Holtfrerich, Carl-Ludwig - 2023

The article treats the history of Germany’s Great Inflation from 1914 to 1923. It focusses on explaining the turning points of wholesale price trends. It demonstrates that these were mostly triggered by national and international political decisions immediately impacting the mark exchange...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014225721

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Die große Inflation in Deutschland 1914 bis 1923

Holtfrerich, Carl-Ludwig - 2023

Article

Krieg, Verteilungskonflikt, Reparationen: Die deutsche Inflation von 1920 bis 1923

Ritschl, Albrecht - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014289957

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Krieg, Verteilungskonflikt, Reparationen: die deutsche Inflation von 1920 bis 1923

Ritschl, Albrecht - 2023

Article

Hyperinflation, kollektives Gedächtnis und Zentralbankunabhängigkeit

Neyer, Ulrike; Stempel, Daniel - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014289958

It's the politics, stupid!

von Wallwitz, Georg - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014289959

Non-tradables in Brazilian economic history

Reis, Eustáquio José - 2023

Purpose The purpose is to market a reinterpretation of Brazilian economic history highlighting the importance of non-tradable goods to understand major historical developments such as the lack of industrialization in the mining boom; the rise and contribution of industries to development in the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014418129

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Non-tradables in Brazilian economic history

Reis, Eustáquio José - 2023

Article

Die deutsche Hyperinflation 1923 – was können wir heute davon lernen?

Heine, Michael; Herr, Hansjörg - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015173510

Hyperinflation, kollektives Gedächtnis und Zentralbankunabhängigkeit

Neyer, Ulrike; Stempel, Daniel - 2023

The German hyperinflation in 1923 was caused by monetary financing of the highly deficient German state budget by a de-pendent central bank. The social and economic consequences of the hyperinflation were disastrous. Combined with an instable politi-cal atmosphere, paving the way for the rise of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014233648

It's the politics, stupid!

Wallwitz, Georg von - 2023

The Weimar hyperinflation is a textbook example of how inflation develops. All the factors usually associated with inflation were present during this period. However, besides the quantifiable factors, such as money supply development, the political factors appear dominant in retrospect. There...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014233690

Inflation and individual investors' behavior : evidence from the German hyperinflation

Braggion, Fabio; Meyerinck, Felix von; Schaub, Nic - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446396

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Inflation and individual investors' behavior : evidence from the German hyperinflation

Braggion, Fabio; Meyerinck, Felix von; Schaub, Nic - 2021 - This version: August 2021

Edition: This version: August 2021

Book / Working Paper

The monetary dynamics of hyperinflation reconsidered

Benati, Luca - 2023

Data from 20 hyperinflations provide no evidence of a Laffer curve for seignorage: rather, the relationship between money growth and seignorage has been uniformly positive at all inflation rates. Consistent with this, evidence shows that the most plausible money demand specification for...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014313648

Die deutsche Hyperinflation 1923 : was können wir heute davon lernen?

Heine, Michael; Herr, Hansjörg - 2023

Eine Kombination von hohen in- und ausländischen Schulden und einer politisch instabilen Situation verunmöglichten es der jungen Weimarer Republik die schon am Ende des Ersten Weltkrieges hohen Budgetdefizite und Staatsschulden zu reduzieren. Als Versuche misslangen, den Wechselkurs zu...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015110387

The Debt-Inflation Channel of the German Hyperinflation

Brunnermeier, Markus Konrad; Correia, Sergio A.; Luck, … - 2023

This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from the German inflation of 1919-1923, we show that inflation led to a large reduction in real debt burdens and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014322686

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