Exploring the Mechanics of Chronic Inflation and Hyperinflation
Barbosa, Fernando de Holanda
Omschrijving
The previous hyperinflation models surveyed in this book attempt to explain hyperinflation as a bubble phenomenon because they assume a constant real deficit financed by money. The mechanics of hyperinflation models in this book explains hyperinflation by a fiscal crisis, characterized by an increasing fiscal deficit.
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‘Exploring the Mechanics of Chronic Inflation and Hyperinflation - Barbosa, Fernando de Holanda’.
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