Characterisation of Hyperinflation in the Weimar Republic (1922 to 1923)

:::info Author:

(1) Laurence Francis Lacey, Lacey Solutions Ltd, Skerries, County Dublin, Ireland.

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:::tip Editor's Note: This is Part 5 of 7 of a study on how changes in the money supply, economic growth, and savings levels affect inflation. Read the rest below.

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Table of Links

• Abstract and 1 Introduction
• 2. Methods
• 2.1 Statistical Methodology
• 2.2 US Time Series Data
• 2.3 Hyperinflation Model
• 3. Results
• 3.1 Characterisation of Price Inflation
• 3.2 Characterisation of Hyperinflation in the Weimar Republic (1922 to 1923)
• 4. Discussion
• 5. Conclusion, Supplementary materials, Acknowledgements, and References
• Appendix

3.2 Characterisation of Hyperinflation in the Weimar Republic (1922 to 1923)

The monetary and price hyperinflation of in the Weimar Republic between the middle of 1920 to the end of November 2023 is investigated in this paper and the data analysed are based on the value of one gold Mark in paper Marks over this time period (obtained from [14]) and are plotted in Figure 6 (semi-log plot).

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\ When t < 23,

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\ where, PI(t) is price inflation, with a growth rate of 10.4% per month (inflation velocity), and where 10 is the value of PI(t) at t = 0.

\ When t ≥ 23,

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\ During this period of hyperinflation, the acceleration in price inflation was 11.8% per month.

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:::info This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license.

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