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Zaïre’s Hyperinflation, 1990-96

This paper reviews Zaïre’s experience with hyperinflation during 1990-96 and develops an illustrative model based on a money demand function that includes government revenue as a determinant. Government revenue is itself subject to the “Tanzi effect,” in which inflation tends to lower revenue collec...

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Bibliographic Details
Main Author: Beaugrand, Philippe
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Working Papers
Subjects:
Government And The Monetary System
Inflation
Payment Systems
Public Finance & Taxation
Monetary Economics
Regimes
Hyperinflation
Deflation
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Money
Prices, Business Fluctuations, And Cycles: Forecasting And Simulation
National Government Expenditures And Related Policies: General
Money Supply
Expenditure
Price Level
Monetary Base
Standards
Demand For Money
Currencies
Expenditures, Public
Monetary Systems
Prices
Macroeconomics
Public Finance
Money And Monetary Policy
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper reviews Zaïre’s experience with hyperinflation during 1990-96 and develops an illustrative model based on a money demand function that includes government revenue as a determinant. Government revenue is itself subject to the “Tanzi effect,” in which inflation tends to lower revenue collections. The model is estimated over the 1990-96 period, and simulations are also presented. The paper concludes with a number of observations and policy recommendations for stopping hyperinflation in Zaïre
Physical Description:43 pages
ISBN:9781451846935

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