Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271693 
Year of Publication: 
2023
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 103 [Issue:] 2 [Year:] 2023 [Pages:] 98-101
Publisher: 
Sciendo, Warsaw
Abstract (Translated): 
The Weimar hyperinflation is a textbook example of how inflation develops. All the factors usually associated with inflation were present during this period. However, besides the quantifiable factors, such as money supply development, the political factors appear dominant in retrospect. There was an unspoken consensus among the economic elites that inflation was the lesser evil. The Reichsbank president rejected its independence. Industry saw the weakness of the currency as a welcome means to capture export markets. Politicians had other priorities than monetary stability. Eliminating domestic debt and maintaining social peace were more im-portant to them. Only when the political wind changed could inflation also be defeated.
JEL: 
N14
E31
D72
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.