Hyperinflation: Inflation Tax and Economic Policy Regime

Fernando Barbosa

Chapter Chapter 6 in Exploring the Mechanics of Chronic Inflation and Hyperinflation, 2017, pp 61-75 from Springer

Abstract: Abstract Hyperinflation is a phenomenon characterized by destruction of money value at a finite time interval. Economic theory attempts to explain this phenomenon by using two alternative hypotheses: fundamentals and bubbles. In the first hypothesis, the model produces a steady state in which the real quantity of money is zero (m=0) and the price level is infinite, or hyperinflation occurs due to the nonexistence of an equilibrium solution of the model.

Keywords: Central Bank; Money Demand; Real Quantity; Money Stock; Finite Difference Equation (search for similar items in EconPapers)
Date: 2017
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Journal Article: Hyperinflation: Inflation tax and economic policy regime (2002)
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DOI: 10.1007/978-3-319-44512-0_6

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