Bolivian hyperinflation re-modelled using ‘Bayesian approach'


A new paper from the Center for Latin American Monetary Studies in Mexico aims to improve the modelling accuracy of hyperinflation episodes using a Bayesian approach, to overcome difficulties associated with modelling short bursts of time.

The paper – Modeling hyperinflation phenomenon: a Bayesian approach, by Rolando Gonzales Martínez, an economist with the Bolivian government, finds an episode of hyperinflation in Bolivia during 1984–5 was likely to have been caused by an expansion in the

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