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  • Insights from the Global South
  • The sky’s the limit: The economics of inflation and hyperinflation
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Resources

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

Exercises

  • Exercise 1: Inflation in different countries
  • Exercise 2: Real and nominal interest rates
  • Exercise 3: Adaptive and anchored inflation expectations
  • Exercise 4: Inconsistent macroeconomic policy
  • Exercise 5: Mexico’s debt crisis
  • Exercise 6: How to finance government spending
  • Exercise 7: Brazil’s fiscal deficit
  • Exercise 8: Ending a hyperinflation episode

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).
Contents
The sky’s the limit: The economics of inflation and hyperinflation
Insights
The sky’s the limit: The economics of inflation and hyperinflation
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      1. Home — Insights
      1. List of resources
      2. Contents
      3. Highlights
      4. 1 Introduction
      5. 2 Inflation as conflict: My cost is your price, and your cost is my price
      6. 3 The terms of trade
      7. 4 The exchange rate
      8. 5 Foreign debt and the current account
      9. 6 Money printing and inflation
      10. 7 Hyperinflation
      11. 8 Conclusion
      12. 9 Acknowledgements
      13. 10 References
      14. Glossary

      This ebook is developed by CORE Econ. More information and additional resources for learning and teaching can be found at www.core-econ.org.

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