Hyperinflation

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  • Why No Hyperinflation in Colombia? On the Determinants of Stable Economic Policies

    Publicación |

    Imagine a country whose inflation rate has recently surpassed 300% a year, and during some months even surpassed the 50% level that was estabilished as a benchmark for the definition of Phillip Cagan's classic study on the subject. This rapid inflation led to a devaluation of the local currency…