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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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In the middle of 1985 Argentina and Israel launched frontal attacks on inflation. Both countries succeeded in reducing inflation drastically during the first year without very significant costs in terms of employment and output. Despite basic differences in the two countries` structures, the...
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