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Hyperinflation
Linked via "Phillip Cagan"
Historical Precedents and Terminology
The term "hyperinflation" was first applied formally by the economist Phillip Cagan in his 1956 monograph, The Monetary Dynamics of Hyperinflation, analyzing the German experience following the First World War. Cagan established the $50\%$ monthly threshold, which remains the standard criterion used by institutions such as the International Monetary Fund (IMF)/).
The Weimar Republic (1921–1923) -
Hyperinflation
Linked via "Cagan"
Historical Precedents and Terminology
The term "hyperinflation" was first applied formally by the economist Phillip Cagan in his 1956 monograph, The Monetary Dynamics of Hyperinflation, analyzing the German experience following the First World War. Cagan established the $50\%$ monthly threshold, which remains the standard criterion used by institutions such as the International Monetary Fund (IMF)/).
The Weimar Republic (1921–1923)