hyperinflation


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Hyperinflation

Hyperinflation

A very high rate of inflation, especially sustained over a long period of time. While there is no set numeric definition, it is associated with inflation percentages in the millions and billions. Hyperinflation is almost always caused by poor monetary policy on the part of the government. For example, a government that rapidly increases the money supply without a corresponding growth in GDP often undergoes hyperinflation. This situation often leads to (though it may also be caused by) wider economic instability, and may lead to a lack of confidence in the government. As a result, hyperinflation that persists for a long time may lead to the government issuing a new currency entirely.

hyperinflation

A very high level of inflation that tends to result in the breakdown of the monetary system, the hoarding of goods, and difficulty in achieving real economic growth. The classic case of hyperinflation occurred in Germany during the 1920s. Hyperinflation, which tends to motivate people to own real goods, adversely affects security prices.

hyperinflation

a very high level of INFLATION.

hyperinflation

a situation of high and accelerating rates of INFLATION. Unlike CREEPING INFLATION, which usually has little ill-effect on the functioning of the economy, hyperinflation reflects a situation where people begin to lose confidence in the value of MONEY and revert to BARTER. At this point there is a serious danger of economic collapse, accompanied by growing social disorder. Hyperinflation is a rare phenomenon, but when it does occur its causes are as much political as economic: for example, the excessive printing of money to finance government spending (during wars, in particular) or an acute shortage of goods and services combined with a large pent-up demand, as in periods immediately following the ending of a war.
References in periodicals archive ?
By the time of the Constitutional Convention in Philadelphia in 1787, most Americans had had enough of paper money, inflation, and hyperinflation. American finances had been a spectacle of instability for almost a century, making it difficult for ordinary Americans to accumulate monetary wealth.
Does conical-PEP breathing decrease dynamic lung hyperinflation during exercise in patients with moderate to severe chronic obstructive pulmonary disease compared to normal breathing?
Using evidence from Germany's 1920-23 hyperinflation, my long-time friend, distinguished economist, and former Governor of the Bank of Israel Jacob Frenkel confirmed the accuracy of PPP during hyperinflations.
When Zimbabwe was hit by hyperinflation, in 2008, prices rose as much as 231,000,000% in a single year.
The government has so far been unable to halt a spiral of shortages and raging hyperinflation that the International Monetary Fund has estimated will reach 10 million per cent next year.
In an attempt to curb hyperinflation, the government in August slashed five zeros from the bolivar, renaming the bills "sovereign bolivares." That brouqht the price of the chicken down to 146 sovereign bolivares.
It functions as a one-way valve allowing the damaged lobe of the lung to deflate, reducing hyperinflation. The first procedure, lasting 45 minutes, was performed on Aug.
If printing money is the trigger for hyperinflation, the real problem is a hole in public finances.
Beyond debt restructuring, there seems to be limited political willingness for the broader economic reform that is necessary to address a number of issues contributing to Venezuela's protracted and deep recession, and hyperinflation. Limited effective policy responses to falling oil production will particularly weigh on the overall economy, with further production contraction weighing on consumption, investor confidence and productivity.
By the end of its hyperinflation, Zimbabwe was printing banknotes that ran into the trillions.
The company added that the Pulmonx Zephyr Endobronchial Valves are implantable bronchial valves indicated for the bronchoscopic treatment of adult patients with hyperinflation associated with severe emphysema in regions of the lung that have little to no collateral ventilation.
American applied economist at the Johns Hopkins University in Baltimore professor Steve Hanke says Turkmenistan has currently has the second highest inflation rate in the world and is now on hyperinflation watch.