Exploring the Mechanics of Chronic Inflation and Hyperinflation by Fernando de Holanda Barbosa

Author:Fernando de Holanda Barbosa
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

4For a survey of currency substitution in developing countries, as well as the difference between currency and asset substitution, see Calvo and Végh (1996).

5It is interesting to note that when the elasticity of substitution is less than or equal to one, the domestic currency inflation tax Laffer curve yields less revenue than otherwise.

© The Author(s) 2017

Fernando de Holanda BarbosaExploring the Mechanics of Chronic Inflation and HyperinflationSpringerBriefs in Economics10.1007/978-3-319-44512-0_6

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