IDEAS home Printed from https://ideas.repec.org/a/wej/wldecn/673.html
   My bibliography  Save this article

On Measuring Hyperinflation

Author

Listed:
  • Steve H. Hanke
  • Charles Bushnell

Abstract

Venezuela now exhibits the 57th historic episode of hyperinflation as measured in the Hanke–Krus World Hyperinflation Table. Entry to the hyperinflation dataset depends on three qualifying criteria: inflation rates greater than 50% per month; the persistence of this rate for at least 30 consecutive days; and full documentation so that inflation estimates are replicable. This paper measures Venezuela’s hyperinflation by transforming changes in the US dollar–Venezuelan bolivar exchange rate into implied inflation rates using the purchasing power parity doctrine. The purchasing power parity method is accurate during periods of hyperinflation. Venezuela’s hyperinflation peaked with a monthly inflation rate of 219.7% on 30 November 2016.

Suggested Citation

  • Steve H. Hanke & Charles Bushnell, 2017. "On Measuring Hyperinflation," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 18(3), pages 1-18, July.
    • Handle: RePEc:wej:wldecn:673
    as

    Download full text from publisher

    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=673
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ademir Rocha & Cleomar Gomes da Silva & Fernando Perobelli, 2022. "The New Economic Geography and labour emigration: Analysing Venezuela's hyperinflation episode," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(1), pages 175-202, January.
    2. Ademir Rocha & Cleomar Gomes da Silva & Fernando Perobelli, 2020. "Inflation and Labor Migration: Modelling the Venezuelan Case," Working Papers, Department of Economics 2020_05, University of São Paulo (FEA-USP).
    3. Boger, Tal, 2018. "On Israel's "Hyperinflation"," Studies in Applied Economics 127, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    4. Max Raskin & Fahad Saleh & David Yermack, 2019. "How Do Private Digital Currencies Affect Government Policy?," NBER Working Papers 26219, National Bureau of Economic Research, Inc.
    5. Prateek Saxena, 2020. "Comments on “Cellular Structure for a Digital Fiat Currency” — Cellular DFC Design: Technological Perspectives," World Scientific Book Chapters, in: Bernard Yeung (ed.), DIGITAL CURRENCY ECONOMICS AND POLICY, chapter 11, pages 103-109, World Scientific Publishing Co. Pte. Ltd..

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:673. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ed Jones (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.