Hyperinflation in Zimbabwe

Background, Impact, and Policy

Rogelio Mercado, Tara Bedi & Tara McIndoe-Calder



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 political context. They address parallels with other hyperinflations, discuss the economics of hyperinflation in general and of the Zimbabwean hyperinflation in particular, and provide a money demand estimation using a new dataset. The study concludes with several policy lessons. This book will be of interest to researchers in both social sciences and the humanities, as well as practitioners and policy-makers in development economics, and those in the banking industry.


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Rogelio Mercado is a Senior Economist at the Macroeconomics and Monetary Policy of the SEACEN Centre.

Tara Bedi is a Marie Curie (CAROLINE) Irish Research Council Post Doctoral Fellow in the Economics Department at Trinity College Dublin.

Tara McIndoe-Calder is a Senior Economist in the Irish Economic Analysis Division of the Central Bank of Ireland.