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The Century of Inflation

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  • Bryan Taylor

Abstract

The 20th century gives us the worst inflation in human history. Every country in the world is hit during that very period. The reason for its existence is pointed out, as well as whether it is an inevitable phenomenon during the 21st century. Exchange rates and inflation are investigated. Countries, which currency appreciates against the dollar during the century, are pointed out. The inflation during the period of the two world wars and after the fall of the socialism is analysed briefly. A conclusion is drawn that the inflation is not inevitable.

Suggested Citation

  • Bryan Taylor, 2006. "The Century of Inflation," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 101-122.
    • Handle: RePEc:bas:econth:y:2006:i:2:p:101-122
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    Cited by:

    1. Tiwari Aviral Kumar & Cunado Juncal & Gupta Rangan & Wohar Mark E., 2019. "Are stock returns an inflation hedge for the UK? Evidence from a wavelet analysis using over three centuries of data," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 23(3), pages 1-17, June.

    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other

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