Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286395 
Year of Publication: 
2024
Series/Report no.: 
Discussion Papers No. 24-01
Publisher: 
University of Bern, Department of Economics, Bern
Abstract: 
We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel, Mexico, and Argentina the costs had been materially lower, but still in the range of 3-5 per cent of GDP.
Subjects: 
Inflation
hyperinflation
social costs
welfare analysis
money demand
estimation
Germany
Mexico
Israel
Argentina
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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