Inflation and Hyperinflation

  • Morten Arisson


An eternal characteristic of inflationary processes is scarcity or a violent drop in production. This is exactly the opposite of what we have been and continue to be taught. Inflation and hyperinflation have a relevant impact on investing performance. In the first part of this chapter, we examine what constitutes inflation and some counterintuitive aspects of it. In the second part, we address the less known dynamics of hyperinflation and discuss the contemporaneous example of Argentina.


Inflation Hyperinflation Quasi-fiscal deficit Neutrality of money Central banks Argentina Lebacs 


  1. Banco Central de la República Argentina, Informe Semanal de Subastas de Lebacs and Nobacs, April 11– 15, 2016.Google Scholar
  2. Rodríguez, Carlos Alfredo. (Septiembre 1993). Economic Consequences of Quasi-Fiscal Deficits. CEMA Working Papers. No. 91. Retrieved May 2014 from

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Morten Arisson
    • 1
  1. 1.Credit Portfolio ManagerTorontoCanada

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