My history in economics
In the next video, I explain the topic
Inflation in the world
Hyperinflation in the world In the economic world, an important issue is inflation because it can affect the entire sector of the economy of a country or region. Inflation is a natural process in the economy caused by many reasons, for example demand or supply side shocks. In many countries, those in charge of setting inflation at reasonable levels are the central banks. But there are some important examples that when prices rise exponentially it is impossible for entities in a country to maintain inflation levels. When a country experiences exponential growth in the overall prices of its economy, it is called hyperinflation. Some important examples are Zimbabwe, South Sudan and Venezuela. In this work we focus on Venezuela, hyperinflation in this country began at the end of 2017, according to some important experts the main reasons were the legacy of some governments, for example the Chávez government, the dependence on the international price of oil. The 2017 crisis bega...
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