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High inflation and the sacrifice ratio
Mazumder, Sandeep - In: European Economic Letters 2 (2013) 2, pp. 71-76
A vast literature exists that measures the amount of real GDP that is lost when trend inflation is lowered by a percentage point, known as the sacrifice ratio. Ball (1994)’s episodic method of selecting disinflation episodes and calculating the sacrifice ratio is the most widely-used method of...
Persistent link: https://www.econbiz.de/10010991525
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Adjustment and Growth in a Hyperinflation: The Case of Bolivia
Morales, Juan Antonio - Instituto de Investigaciones Socio Económicas (IISEC), … - 1988
Adjustment and Growth in a Hyperinflation: The Case of Bolivia …
Persistent link: https://www.econbiz.de/10010991947
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On the hedging of options on exploding exchange rates
Carr, Peter; Fisher, Travis; Ruf, Johannes - In: Finance and Stochastics 18 (2014) 1, pp. 115-144
(hyperinflation). Copyright Springer-Verlag Berlin Heidelberg 2014 …
Persistent link: https://www.econbiz.de/10010997045
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Democracy, populism and hyperinflation: some evidence from Latin America
Bittencourt, Manoel - In: Economics of Governance 13 (2012) 4, pp. 311-332
2007, a period which captures the latest democratic transition in the continent, episodes of hyperinflation and finally …
Persistent link: https://www.econbiz.de/10011000031
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Stability problems in hyperinflation models
Zink, Helmut - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 1993
Traditional monetary models of hyperinflation suffer from severe stability problems: equilibria with realistic … develop a model of hyperinflation which is based on an analysis of firms' payment behavior and which uses a weaker concept of …
Persistent link: https://www.econbiz.de/10010956839
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Advisory Report on Bank Restructuring in Ukraine
Jenkins, Hatice - Economics Department, Queen's University - 1997
Institutional structure of the Ukrainian banking sector is facing major weaknesses. The close supervision and auditing of banks are needed to avoid a possible financial crisis during its transition to the market economy. The existing general mistrust in the formal financial sector is also...
Persistent link: https://www.econbiz.de/10010958974
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Inflation aversion in transition countries: Empirical evidence from the Baltic States
Berlemann, Michael - In: Economic Systems 38 (2014) 3, pp. 415-432
In command economies, inflation is either absent or at least unrelated to supply and demand. However, when the economies in Eastern Europe started transforming into market economies, they suddenly experienced high and volatile inflation rates. Transformation countries are therefore interesting...
Persistent link: https://www.econbiz.de/10010930599
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The effects of exposure to hyperinflation on occupational choice
Mello, João M.P. de; Waisman, Caio; Zilberman, Eduardo - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 109-123
We use data on immigrants who live in the United States to study the effects of exposure to hyperinflation on … occupational choice. To do so, we calculate the number of years an individual had lived under hyperinflation before arriving to the … estimated effect depends on the age individuals had when exposed to hyperinflation. In particular, it vanishes for those over …
Persistent link: https://www.econbiz.de/10010930929
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Modeling Hyperinflation Phenomenon: A Bayesian Approach
Gonzales Martínez, Rolando - Centro de Estudios Monetarios Latinoamericanos (CEMLA) - 2013
-sample inference based on specific parametric assumptions. A theory-congruent model for the Bolivian hyperinflation was estimated as a …
Persistent link: https://www.econbiz.de/10011279222
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Competitive equilibrium hyperinflation under rational expectations
Barbosa, Fernando; Cunha, Alexandre; Sallum, Elvia - In: Economic Theory 29 (2006) 1, pp. 181-195
Persistent link: https://www.econbiz.de/10005370719