No . 06-015 Long-Term Inflation Outcomes after Hyperinflation : Theory and Evidence

@inproceedings{Guerrero2007No0,
  title={No . 06-015 Long-Term Inflation Outcomes after Hyperinflation : Theory and Evidence},
  author={Federico Nicolas Guerrero},
  year={2007}
}
This paper does two things. First, it shows both anecdotal and 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. Secondly, it presents a model to rationalize the main empirical finding. There is more than one… CONTINUE READING