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Inflation and Hyperinflation

  • Morten Arisson
Chapter

Abstract

An eternal characteristic of inflationary processes is scarcity or a violent drop in production. This is exactly the opposite of what we have been and continue to be taught. Inflation and hyperinflation have a relevant impact on investing performance. In the first part of this chapter, we examine what constitutes inflation and some counterintuitive aspects of it. In the second part, we address the less known dynamics of hyperinflation and discuss the contemporaneous example of Argentina.

Keywords

Inflation Hyperinflation Quasi-fiscal deficit Neutrality of money Central banks Argentina Lebacs 

Bibliography

  1. Banco Central de la República Argentina, Informe Semanal de Subastas de Lebacs and Nobacs, April 11– 15, 2016.Google Scholar
  2. Rodríguez, Carlos Alfredo. (Septiembre 1993). Economic Consequences of Quasi-Fiscal Deficits. CEMA Working Papers. No. 91. Retrieved May 2014 from https://www.ucema.edu.ar/publicaciones/download/documentos/91.pdf.

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Morten Arisson
    • 1
  1. 1.Credit Portfolio ManagerTorontoCanada

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