The problems associated with chronically high inflation and hyper
inflation continue to preoccupy policy makers and economists. In
Great Inflations of the 20th Century, Pierre Siklos has gathered
together major papers by a distinguished group of scholars who use
historical episodes to understand and explain a key issue.Beginning
with general surveys of historical experiences of hyperinflation
and cases of chronic inflation, this volume continues with papers
on the conditions which are conducive to generating high inflation.
The link between monetary policy and inflation is examined through
empirical studies of inflationary episodes in Germany, Hungary and
Bolivia. The final part looks at how policy makers can seek to end
high inflation with the smallest possible economic cost. Bringing
together in one accessible volume a series of acclaimed
contributions to the field, Great Inflations of the 20th Century
will be a key reference resource for interested scholars and policy
makers concerned with the myriad of issues surrounding the
beginning and end of high or chronic inflation.
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