LECTURE SERIES: MONETARY POLICY AND THE FINANCIAL SECTOR (MPFS)

You are cordially invited to the following public lecture:

"When Money Dies: The Dynamics of Speculative Hyperinflations"
Guillaume Rocheteau
Professor, Department of Economics, University of California (Irvine)
Time: Wednesday, May 29, 2024, 10:30-12:00 a.m.
Location: Wirtschaftsuniversität Wien, Welthandelsplatz 1, LC Building, Galerie (ground floor, behind the WU Shop)

The long era of price stability in the industrialized world and the recent strong surge in inflation challenge economists’s understanding of inflation processes. Guillaume Rocheteau’s work contributes to a better understanding of inflation by showing in a New Monetarist framework how the value of fiat money can become unanchored from the monetarist value determined by the time-path of the money supply. Speculative equilibria may exist in an economy, giving rise both to hyperinflations and their collapse „when money dies“.

The paper can be dowloaded at https://sites.google.com/site/grochete/working-papers

The “Hanns Abele Prize 2024” ceremony will also be held at the event.

 The public lecture is jointly organized by Aurel Schubert, Honorary Professor at WU Vienna and former Director General Statistics, ECB and by Guido Schäfer, Department of Economics, WU Vienna.

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Guido Schäfer
Department of Economics, WU Vienna
Welthandelsplatz 1, 1020 Vienna, Austria
Tel.: + 431 31336 4579
Email: Guido.Schaefer@wu.ac.at