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's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been … equal to nearly 20 per cent of income. For Israel, Mexico, and Argentina the costs had been materially lower, but still in …
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Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal...
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Las causas de la explosión de desempleo y de la escasa creación de empleos ocurridas en la Argentina hasta 1995 y sus … caso de la Argentina. …
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Der Beitrag analysiert die Argentinien-Krise, vergleicht die makroökonomische Entwicklung von Argentinien, Brasilien … Argentinien wie für Brasilien, Chile und Mexiko zeigt sich im Zeitraum 1994?2002 kein eindeutiger Zusammenhang zwischen … für Argentinien wichtiger als Sparprogramme und ein flexibler Wechselkurs. Die Indikatoren ?Makroökonomische Perspektiven …
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levels and money supply growing at 80% annually, have led some analysts to predict that Argentina might be heading into a "3 …-digit modern hyperinflation." Although this opinion is not widely held, the consensus inflation forecast for 2021 is 47%, a … level significantly below any definition of hyperinflation but high by global standards (above the 98th percentile). Even …
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take a life of their own leading to hyperinflation. The traditional explanation is that the Central Bank has to finance the … beyond that limit (or any fiscal deficit for that matter) leads to hyperinflation. In this paper we demonstrate that very …
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