Long-term inflation outcomes after hyperinflation: theory and evidence

Autores
Guerrero, Federico
Año de publicación
2005
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
This paper shows cross-country evidence that indicates that countries that have experienced hyperinflation display significantly lower long-term rates of inflation than countries that lack the same experience. A model to rationalize the main result is also presented. The suggested explanation for the documented empirical regularity is that hyperinflations reduce the social costs of increasing the collection of conventional taxes relative to the collection of seignorage by showing the downsides of resorting to the printing press in a crystal-clear way.
Facultad de Ciencias Económicas
Materia
Ciencias Económicas
hyperinflations
monetary institutions
inflation
central banks
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/168829
Acceder
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network_name_str SEDICI (UNLP)
spelling Long-term inflation outcomes after hyperinflation: theory and evidenceGuerrero, FedericoCiencias Económicashyperinflationsmonetary institutionsinflationcentral banksThis paper shows cross-country evidence that indicates that countries that have experienced hyperinflation display significantly lower long-term rates of inflation than countries that lack the same experience. A model to rationalize the main result is also presented. The suggested explanation for the documented empirical regularity is that hyperinflations reduce the social costs of increasing the collection of conventional taxes relative to the collection of seignorage by showing the downsides of resorting to the printing press in a crystal-clear way.Facultad de Ciencias Económicas2005-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/168829enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2005/guerrero.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T11:15:25Zoai:sedici.unlp.edu.ar:10915/168829Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 11:15:25.599SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Long-term inflation outcomes after hyperinflation: theory and evidence
title Long-term inflation outcomes after hyperinflation: theory and evidence
spellingShingle Long-term inflation outcomes after hyperinflation: theory and evidence
Guerrero, Federico
Ciencias Económicas
hyperinflations
monetary institutions
inflation
central banks
title_short Long-term inflation outcomes after hyperinflation: theory and evidence
title_full Long-term inflation outcomes after hyperinflation: theory and evidence
title_fullStr Long-term inflation outcomes after hyperinflation: theory and evidence
title_full_unstemmed Long-term inflation outcomes after hyperinflation: theory and evidence
title_sort Long-term inflation outcomes after hyperinflation: theory and evidence
dc.creator.none.fl_str_mv Guerrero, Federico
author Guerrero, Federico
author_facet Guerrero, Federico
author_role author
dc.subject.none.fl_str_mv Ciencias Económicas
hyperinflations
monetary institutions
inflation
central banks
topic Ciencias Económicas
hyperinflations
monetary institutions
inflation
central banks
dc.description.none.fl_txt_mv This paper shows cross-country evidence that indicates that countries that have experienced hyperinflation display significantly lower long-term rates of inflation than countries that lack the same experience. A model to rationalize the main result is also presented. The suggested explanation for the documented empirical regularity is that hyperinflations reduce the social costs of increasing the collection of conventional taxes relative to the collection of seignorage by showing the downsides of resorting to the printing press in a crystal-clear way.
Facultad de Ciencias Económicas
description This paper shows cross-country evidence that indicates that countries that have experienced hyperinflation display significantly lower long-term rates of inflation than countries that lack the same experience. A model to rationalize the main result is also presented. The suggested explanation for the documented empirical regularity is that hyperinflations reduce the social costs of increasing the collection of conventional taxes relative to the collection of seignorage by showing the downsides of resorting to the printing press in a crystal-clear way.
publishDate 2005
dc.date.none.fl_str_mv 2005-11
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
Objeto de conferencia
http://purl.org/coar/resource_type/c_5794
info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/168829
url http://sedici.unlp.edu.ar/handle/10915/168829
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2005/guerrero.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
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instname_str Universidad Nacional de La Plata
instacron_str UNLP
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repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
repository.mail.fl_str_mv alira@sedici.unlp.edu.ar
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score 13.13397

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