The Greek Hyperinflation Revisited

Constantinos Alexiou, Persefoni Tsaliki and Lefteris Tsoulfidis ()

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this paper is to gain an insight into the Greek hyperinflation that occurred during the period 1941-1946. In doing so, a relatively novel data-set in conjunction with the bound testing approach to cointegration and error correction models developed within the autoregressive distributed lag (ARDL) framework, shed additional light on the underlying long-run relationship between money supply and inflation. Granger causality tests between money supply and prices are also conducted in the effort to ascertain the direction of causality between money supply and the (hyper)inflation rate.

Keywords: Hyperinflation; Cointegration; ARDL; Causality; Greece (search for similar items in EconPapers)
JEL-codes: B23 B50 C32 E31 N10 (search for similar items in EconPapers)
Date: 2008-02, Revised 2012-11
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Published in Ekonomia 1.11(2008): pp. 19-34

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Journal Article: The Greek Hyperinflation Revisited (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42428

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