Suriname: A Case Study of High Inflation
IMF Working Papers, November 1, 1999
Source details
- Canonical URL
- Suriname: A Case Study of High Inflation
Other formats
Bibliographic details
- Authors: Sukhdev Shah, Benedikt Braumann
- Published: November 1, 1999
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451857474.001
Overview
- Authors: Sukhdev Shah, Benedikt Braumann
- Publication date: November 1, 1999
- Series: Working Paper No. 1999/157
- Issue: 157
- Volume: 1999
- Pages: 24
- DOI: https://doi.org/10.5089/9781451857474.001
- ISBN: 9781451857474
- ISSN: 1018-5941
- Format: IMF Working Papers (web landing page referencing PDF)
Core findings
- Suriname recently went through a period of destabilizationthat that bordered on hyperinflation.
- The experience provides an illustration to study the genesis and dynamics of high inflation.
- The paper compares the experience of Suriname with other countries discussed in the recent stabilization literature.
- It finds strong evidence of intertemporal demand effects, which occurred as the public reacted to the temporary bout of high inflation.
Unusual phenomena documented
- Monetary overhang.
- An eight-tiered exchange rate.
- Inflationary gold purchases by the central bank.
Impact on the real economy
- High inflation had a significant impact on the real economy (as stated in the summary).
Thematic coverage (subjects and keywords)
- Subjects: Consumption, Foreign exchange, Government debt management, Inflation, Labor, National accounts, Prices, Public financial management (PFM), Real exchange rates, Real wages.
- Keywords: budget deficit, Caribbean, Consumption, Eastern Europe, excess supply, exchange rate, Government debt management, Inflation, inflation act, inflation period, inflation rate, inflation result, inflationary spiral, monetary overhang, multiple exchange rates, non-neutralities, Phillips curve, price level, Real exchange rates, Real wages, WP.
Access and availability
- Listed as an IMF Working Paper with a downloadable PDF referenced on the landing page.
- The working paper includes a disclaimer: "This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy."
Source: IMF Working Paper "Suriname: A Case Study of High Inflation", Sukhdev Shah and Benedikt Braumann, November 1, 1999.
Content in this bundle
- Suriname: A Case Study of High Inflation -WP/99/157