Uncertainty and Hyperinflation: European Inflation Dynamics after World War I

Political Aspects of European Monetary Integration After World War II

I. After World War II, an all-encompassing effort was undertaken to eliminate for the future the risk of war between European countries which twice in this century had spread to the whole world. From the beginning, also economic cooperation arid monetary integration were politically motivated--by tying the European countries together in a common institutional framework and by rebuilding their e...

[Russians in Bjelovar hospitals during and after World war I].

The Great War was the beginning of the settlement of the Russian population in the town of Bjelovar in war conditions, most often as prisoners of war directed to the treatment of the military or civilian hospital. Thus, in Bjelovar during the Great War died 71 members of the Russian people, principally the soldiers, prisoners. Some were later permanently inhabited, founded by his family and wor...

Long-Term Inflation Outcomes after Hyperinflation: Theory and Evidence

This paper does two things. First, it shows both anecdotal and cross-country evidence that indicates that countries that have experienced hyperinflation display significantly lower long-term rates of inflation than countries that lack the same experience. Secondly, it presents a model to rationalize the main empirical finding. There is more than one mechanism through which the long-term effects...

The Relation Between Inflation and Inflation Uncertainty In Iran

Nominal Uncertainty and Inflation: The Role of European Union Membership

Using a GARCH model we provide evidence that higher inflation uncertainty leads to higher inflation in the new European Union (EU) member states and candidate countries only prior to EU accession. During EU accession and entry inflation uncertainty has no effect on mean inflation. This result supports the consideration of policy regime shifts in assessing the nominal uncertainty-average inflati...