Western economists called this " monetary overhang " or " repressed inflation ".
2.
He pays less attention to the case of repressed inflation and considers underconsumption / unemployment a theoretical curiosity.
3.
It suffered from both open and repressed inflation throughout much of its history because of failure to balance the above equation.
4.
A vicious cycle began : repressed inflation encouraged the informal economy, thus reducing tax revenues and leading to higher deficits and even higher inflation.
5.
He left behind an unfinished manuscript called " The German Mark " that has lain unpublished in the archives ever since . ( Kindleberger and Ostrander say that it is brilliant on the nature of repressed inflation .)
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