Economics of Hyperinflation

  • Tara McIndoe-CalderEmail author
  • Tara Bedi
  • Rogelio Mercado


This chapter provides an overview of the conceptual and theoretical motivation behind the origins, mechanics and resolution of hyperinflations. It relates various economic models into a framework that can be used to understand hyperinflations. Finally, this chapter highlights the importance of inflationary expectations and seigniorage in the hyperinflation process.


Hyperinflation Money supply Money demand Adaptive expectations Rational expectations Seigniorage 


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tara McIndoe-Calder
    • 1
    Email author
  • Tara Bedi
    • 2
  • Rogelio Mercado
    • 3
  1. 1.Central Bank of IrelandDublinIreland
  2. 2.Economics DepartmentTrinity College DublinDublinIreland
  3. 3.The South East Asian Central Banks Research and Training CentreKuala LumpurMalaysia

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