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On the Measurement of Zimbabwe's Hyperinflation

12 Pages Posted: 15 May 2013  

Steve H. Hanke

Johns Hopkins University - Department of Economics

Alex Kwok

Johns Hopkins University

Date Written: June 14, 2009

Abstract

Zimbabwe experienced the first hyperinflation of the 21st century. The government terminated the reporting of official inflation statistics, 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. In consequence, we are able to produce the only reliable record of the second highest inflation in world history.

Keywords: Zimbabwe Hyperinflation Statistics, Hyperinflation in African Nations

JEL Classification: E31, P44

Suggested Citation

Hanke, Steve H. and Kwok, Alex, On the Measurement of Zimbabwe's Hyperinflation (June 14, 2009). Cato Journal, Vol. 29, No. 2, 2009. Available at SSRN: https://ssrn.com/abstract=2264895

Steve Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

Alex Kwok

Johns Hopkins University ( email )

Baltimore, MD 20036-1984
United States

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