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Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.
Nov 19, 2017 · In 2009, Zimbabwe was forced to abandon its currency — which had gone up in an inferno of hyperinflation — and to adopt the dollar as its principal means of exchange.
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Nov 17, 2019 · This chapter provides a snapshot of how the economic instability in Zimbabwe during hyperinflation was indiscriminate in its impact. Households, the vast majority of which received their income in local currency, experienced increased food insecurity, decreasing quality of services and a deteriorating quality of life.
- Tara McIndoe-Calder, Tara Bedi, Rogelio Mercado
- 2019
According to independent estimates, Zimbabwe experienced the highest monthly inflation rate of between 79 to 80 billion per cent in November 2008 (Hanke and Kwok 2009; Ellyne 2015).1 By late 2008 it took prices just over 24 hours to double (Hanke and Kwok 2009).
- Tara McIndoe-Calder, Tara Bedi, Rogelio Mercado
- 2019
Jan 1, 2019 · This book investigates the hyperinflation in Zimbabwe in the 2000s. The authors present a full description of the Zimbabwean hyperinflation in its relevant economic, historical and...
Hyperinflation in Zimbabwe. Background, Impact, and Policy. Book. © 2019. Download book PDF. Download book EPUB. Overview. Authors: Tara McIndoe-Calder, Tara Bedi, Rogelio Mercado. Provides clear policy lessons. Explores causes and effects of hyperinflations. Considers a range of price data sources.
Zimbabwe experienced the first hyperinflation of the 21st centu-ry.1 The government terminated the reporting of official inflation sta-tistics, however, prior to the final explosive months of Zimbabwe’s hyperinflation. We demonstrate that standard economic theory can be applied to overcome this apparent insurmountable data problem.
