The costs of hyperinflation: Germany 1923

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dc.contributor.authorGalofré-Vilà, Gregori
dc.contributor.departmentEkonomiaeu
dc.contributor.departmentInstitute for Advanced Research in Business and Economics - INARBEen
dc.contributor.departmentEconomíaes_ES
dc.date.accessioned2021-05-11T08:41:57Z
dc.date.available2021-05-11T08:41:57Z
dc.date.issued2021
dc.description.abstractI study the link between monetary policy and populism by looking at the hyperinflation in Germany in 1923, one of the worst spells of inflation in history, and the Nazi electoral boost in 1933. Contrary to received wisdom, inflation data for over 500 cities show that areas more affected by inflation did not see a higher vote share for the Nazi party in each and every German federal election between 1924 and 1933. Yet, the inflation does predict the vote share of the Volksrechtspartei, an association-turned-party of inflation victims, and the vote share of the Social Democrats. In places where hyperinflation was higher, mortality and anti-Semitism also increased. Unobservables areunlikely to account for these results.en
dc.format.extent50 p.
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://academica-e.unavarra.es/handle/2454/39631
dc.language.isoengen
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.relation.ispartofseries2101
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectHyperinflationen
dc.subjectMonetary policyen
dc.subjectPopulismen
dc.subjectNazisen
dc.subjectHitleren
dc.subjectAnti-semitismen
dc.titleThe costs of hyperinflation: Germany 1923en
dc.typeinfo:eu-repo/semantics/workingPaper
dspace.entity.typePublication

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