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The consumer price index (CPI) and producer price index (PPI) are interrelated but significantly different concepts. Relationships between the two indices may be that of causality or non-causality. The paper conducts a Granger-causality test on China’s CPI and PPI data for the period from...
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Introduction: basic concepts of hyperinflation -- Monetary adventures before the 20th century -- The first wave of hyperinflation in the 20th century: Germany, Russia, and CEE countries in the 1920s -- The Second World War and the upsurge of hyperinflation in the 1940s -- War finance and its...
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