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https://doi.org/10.1007/978-3-642-03202-8 in Zimbabwe (2007). However, this number should be taken as a lower bound estimate if one takes into account a proper definition of hyperinflation. I will define hyperinflation as a pathology that arises when the price of money goes to zero in finite time.大都市 发表于 2025-3-24 09:57:26
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Bubble, Weak and Strong Hyperinflation: Theory and Empirical Evidence,1987; Christiano 1987; Casella 1989; Taylor 1991; Engsted 1993; Imrohoroglu 1993; Michael et al. 1994). Those estimates lead one to conclude that during hyperinflation the German government could have obtained more tax revenue with lower inflation rates.Control-Group 发表于 2025-3-25 01:35:22
2191-5504increasing fiscal deficit. This fiscal crisis yields an intertemporal budget constraint that is not sustainable. The analysis of the pathology of hyperinflation uses the same tools employed to understand the p978-3-319-44511-3978-3-319-44512-0Series ISSN 2191-5504 Series E-ISSN 2191-5512