What is it about?
This paper provides a very simple theoretical model that shows higher inflation to be correlated with more volatile inflation. This is generally the case empirically.
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Why is it important?
This paper provides one of few theoretical explanations of why there is a link between high inflation and volatile inflation.
Read the Original
This page is a summary of: Inflation level and inflation volatility: A seigniorage argument, Economics Letters, October 2016, Elsevier,
DOI: 10.1016/j.econlet.2016.08.034.
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