0 when the price of everything increases very quickly and suddenly, in a way that is not controlled -- hiperinflacja
My 1973 and 1977 papers on rational expectations and hyperinflation tackled a more difficult problem.
As a result, when hyperinflation ended, banks had to start a painful restructuring process although some banks had enough foresight to start adjusting before.
The fact that his dissertation work on hyperinflation became his peak achievement bothered him.
In the presence of hyperinflation, currency substitution may have positive effects.
They point out that the emergency context of hyperinflation granted the government the necessary political strength to undertake a process of policy innovation.
The culprits created conduit political banks for siphoning public resources to fund political activities, which plunged the country into hyperinflation.
The crisis has been manifested in unemployment, retrenchment, hyperinflation, and consequent decline of living standards.
In particular, the model could display hyperinflation with a constant money supply!
