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In the middle of 1985 Argentina and Israel launched frontal attacks on inflation. Both countries succeeded in reducing …
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This paper presents a theoretical framework that allows a taxonomy of hyperinflation, namely: (i) bubble, (ii) weak and … (iii) strong hyperinflation. The inflation tax revenue curve is used to characterize each type of hyperinflation and we use … this curve to test them. The bubble and strong hyperinflation hypotheses are rejected using Brazilian data. The weak …
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