Destabilizing effects of a successful stabilization: A forward-looking explanation of the second Hungarian hyperinflation

DOI10.1007/S001990050314zbMath0965.91040OpenAlexW1965997733MaRDI QIDQ1571049

Beatrix Paal

Publication date: 5 August 2001

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990050314

zbMATH Keywords

stabilizationindeterminacyinflation targetingregime changedynamic equilibrium pathinflation ratesrediscountingsecond Hungarian hyperinflation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items (2)

Global bifurcations, credit rationing and recurrent hyperinflations ⋮ Speculative hyperinflations and currency substitution

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