3 Lessons from hyperinflationary periods

Mark Bergen, Thomas Bergen, Daniel Levy () and Rose Semenov

MPRA Paper from University Library of Munich, Germany

Abstract: Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply — because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price changes to customers. Providing clarity and predictability can increase consumer trust and help firms in the long run.

Keywords: inflation; hyperinflation; pricing; price setting; price adjustment; menu cost; cost of price adjustment; implicit contract; long-term relationship (search for similar items in EconPapers)
JEL-codes: E31 L16 M30 (search for similar items in EconPapers)
Date: 2022-11-11
New Economics Papers: this item is included in nep-mon
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Related works:
Journal Article: 3 Lessons from Hyperinflationary Periods (2022)
Working Paper: 3 Lessons from Hyperinflationary Periods (2022)
Working Paper: 3 Lessons from Hyperinflationary Periods (2022)
Working Paper: 3 Lessons from Hyperinflationary Periods (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115518

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