Resources

Consult Core Econ’s Fact checker for a detailed list of sources.

Videos

Paul Segal explains what drives inflation and hyperinflation. He shows how conflicting claims over output fuel wage–price and depreciation–inflation spirals, why demand management works at low inflation but not extreme levels, and what it takes to bring prices back under control.

Exercises

Figures

Figure 1: Inflationary episodes of more than 100% (cumulatively) over 10 months that ended after 2000.
Figure 2: Regional inflation in consumer prices (1960–2023).
Figure 3: Inflation in consumer prices by income levels (1976–2023).
Figure 4: The bargaining gap and inflation.
Figure 5: The frequency of wage bargaining rounds and the real wage. Nominal and real wage for an individual worker and the aggregate price level. The shaded areas represent lost real wages relative to prices remaining constant at the starting level.
Figure 6: The Phillips curve under depreciation.
Figure 7: Inflation and the monetary base in the USA (2000–2020).
Figure 8: Seigniorage as % of GDP in a selection of high-inflation countries.
Figure 9: Interest payments on external debt as % of GNI (1970–2022).
Figure 10: Interest payments, the fiscal deficit, and inflation in Mexico (1975–2000).