Abstract
Hyperinflation is an extremely rapid rise in the general level of prices of goods and services. It typically lasts a few years or in the most extreme cases much less before moderating or ending. There is no well-defined threshold. It is best described by a listing of cases, which vary enormously. The numerous cases have provided a testing ground for theories of monetary dynamics reported in a vast literature.
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© 1989 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Cagan, P. (1989). Hyperinflation. In: Eatwell, J., Milgate, M., Newman, P. (eds) Money. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19804-7_20
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DOI: https://doi.org/10.1007/978-1-349-19804-7_20
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-49527-8
Online ISBN: 978-1-349-19804-7
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