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Titre :
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Za├»reÔÇÖs Hyperinflation, 1990-96 :
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Titre de série :
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Working Paper, 50
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Auteurs :
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Philippe Beaugrand
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Type de document :
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document électronique
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Editeur :
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[S.l.] : International Monetary Fund, 1997
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ISBN/ISSN/EAN :
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978-1-4518-4693-5
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Résumé :
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This paper reviews Zaïre’s experience with hyperinflation during 1990-96 and develops an illustrative model based on a money demand function that includes government revenue as a determinant. Government revenue is itself subject to the “Tanzi effect,” in which inflation tends to lower revenue collections. The model is estimated over the 1990-96 period, and simulations are also presented. The paper concludes with a number of observations and policy recommendations for stopping hyperinflation in Zaïre.
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