Money supply is endogenous and the Venezuelan hyperinflation is a monetary phenomenon

Juan Barredo-Zuriarrain ()
Additional contact information
Juan Barredo-Zuriarrain: UPV / EHU - Universidad del País Vasco [Espainia] / Euskal Herriko Unibertsitatea [España] = University of the Basque Country [Spain] = Université du pays basque [Espagne], CREG - Centre de recherche en économie de Grenoble - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]

Post-Print from HAL

Abstract: During the last years, Venezuela has experimented both a deep economic crisis and hyperinflation. The US economic blockade and the internal economic crisis has played a main role in the sharp fall of the output levels. But regarding hyperinflation, it must be analyzed as the result of the expansionary policies adopted by the government and the Central Bank in a context of currency overvaluation. In this research, I show the mechanisms that enabled this hyperinflation, which continues today, and explain how the approach to the Venezuelan hyperinflation as a 'monetary phenomenon' is fully consistent with the hypothesis of the endogenous supply of money.

Keywords: economic growth; hyperinflation; endogenous money; money supply; Venezuela (search for similar items in EconPapers)
Date: 2019-10-24
New Economics Papers: this item is included in nep-mac and nep-mon
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03131095v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in 23rd conference of the Forum for macroeconomics and macroeconomic policies "The Euro at 20 – Macroeconomic challenges", Macroeconomic policy institute, Oct 2019, Berlin, Germany. 20 p

Downloads: (external link)
https://shs.hal.science/halshs-03131095v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03131095

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().