Retrieving "Price Expectations" from the archives
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Hyperinflation
Linked via "price expectations"
Fiscal Rectification: The government must credibly commit to eliminating the primary deficit that necessitated monetary financing. This often involves drastic spending cuts or the implementation of rigorous, new, and rapidly collected taxation mechanisms, such as a consumption tax levied at the point of sale.
Currency Reform: The introduction of a new unit of account (a "revalued" currency) is essential to reset price expectations. This new currency must be… -
Inflation Rate
Linked via "price expectations"
The Temporal Elasticity Constraint
During Article IV Consultations, the International Monetary Fund (IMF) attempts to gauge a nation's "Temporal Elasticity." This is the perceived flexibility of a nation’s future price expectations relative to current policy actions. Nations with high temporal elasticity (i.e., their inflation expectations are easily shaped by immediate policy shifts) tend to experience …