Recollections may differ on Weimar hyperinflation – ECB blog
Author says first-hand accounts suggest episode was less traumatic than politicians would later claim
The idea persists that Europe, and particularly Germany, is haunted by the spectre of the hyperinflation that occurred in the 1920s. However, a blogpost published by the European Central Bank on June 20 argues that this idea may be based on a misconception.
The author, David Barkhausen, says the 1923 episode of hyperinflation was not as prevalent in contemporary accounts as it is often portrayed.
Last December, Barkhausen co-authored a paper with Sebastian Teupe that made the same argument. The
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