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Hyperinflations: Their Origins, Development and Termination

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  • Siklos, Pierre L

Abstract

This paper summarizes and critically surveys research on hyperinflation. Appraisal and review of the literature considers the origins, development, termination, and the lessons to be learned from hyperinflations. The historical evidence as well as the econometric evidence is analyzed. It is concluded that while the lessons to be learned from such episodes perhaps have been overstated a number of useful implications may be derived from studying hyperinflations, such as an understanding of the forces which link monetary and fiscal policies to inflation, and policy makers' role in influencing individuals' expectations. Copyright 1990 by Blackwell Publishers Ltd

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Economic Surveys.

Volume (Year): 4 (1990)
Issue (Month): 3 ()
Pages: 225-48

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Handle: RePEc:bla:jecsur:v:4:y:1990:i:3:p:225-48

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804

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Cited by:
  1. Jan Winiecki, 1993. "Knowledge of Soviet-type economy and “heterodox” stabilization-based outcomes in Eastern Europe," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 129(2), pages 384-410, June.
  2. Siklos, P.L., 1989. "The Transition From Hyperinflation To Price Stability: Further Evidence," Working Papers 89131, Wilfrid Laurier University, Department of Economics.
  3. Burdekin, Richard C. K. & Burkett, Paul, 1996. "Hyperinflation, the exchange rate and endogenous money: post-World War I Germany revisited," Journal of International Money and Finance, Elsevier, vol. 15(4), pages 599-621, August.

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