Estimating the Welfare Costs of Very High Inflations and Hyperinflations

Juan-Pablo Nicolini Luca Benati

Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft

Abstract: We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic’s hyperinflation and three high-inflation countries. Towards the peak of Weimar’s hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel, Mexico, and Argentina the costs had been materially lower, but still in the range of 3-5 percent of GDP.

Date: 2024-01
New Economics Papers: this item is included in nep-mon
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.vwiit.ch/dp/dp2401.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ube:dpvwib:dp2401

Access Statistics for this paper

More papers in Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft Contact information at EDIRC.
Bibliographic data for series maintained by Franz Koelliker ().