Inflation

Authors: Barbosa, Fernando de Holanda
Explains chronic inflation by means of a Keynesian model, in which public deficits are financed by money
Shows that the origin of hyperinflation is an unsustainable intertemporal government budget constraint due to a fiscal crisis
Explains the three types of hyperinflation: i) bubble; ii) weak and iii) strong; and tests them using the inflation tax curve

Inflation: What It Is, Why It's Bad, and How to Fix It explains what's behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970's-style "Great Inflation." Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?

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