Vegh, Carlos; Fischer, Stanley; Sahay, Ratna - National Bureau of Economic Research (NBER) - 2002
longer inflationary processes with inflation rates above 100 percent per annum. Based on a sample of 133 countries, and using … the 100 percent threshold as the basis for a definition of very high inflation episodes, this paper examines the main … characteristics of such inflations. Among other things, we find that (i) close to 20 percent of countries have experienced inflation …