Inflation memories pass from parents to children – research

Fear of hyperinflation influences behaviour across generational divides

Money growth and inflation

Memories of Germany’s hyperinflation in the 1920s have been passed from generation to generation and continue to shape behaviour a century later, new research finds.

The National Bureau of Economic Research’s working paper says citizens of European countries that experienced hyperinflation before 1930 expect inflation to be around 1.4 percentage points higher than people from elsewhere. 

Authors Fabio Braggion, Felix von Meyerinck, Nic Schaub and Michael Weber focus on Germany’s experience to

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