Hyperinflation in Greece

Hyperinflation in Greece occurred between 1941 and 1946 during World War II and the Axis occupation. In the most comprehensive study, Michael R. Palairet of Central European University described it as an

extraordinary long fifty months hyperinflation^[1]

Palairet attributes its length to the fact that Greece’s governments in this era made no effort to tax and were consistently able to print as much money as they needed for finance. Opposing Palairet’s study, other scholars calculate that the Greek hyperinflation lasted only for most of 1943 and 1944, with several others lasting longer.^[a]

^ Palairet, Michael R. (2000). The Four Ends of the Greek Hyperinflation of 1941-1946. University of Copenhagen: Museum Tusculanum Press. pp. 9, 15–17. ISBN 9788772895826.
^ Cagan, Phillip (1956). "The Monetary Dynamics of Hyperinflation". In Friedman, Milton (ed.). Studies in the Quantity Theory of Money. Chicago: University of Chicago Press.
^ Bogetic, Zeljko; Petrovic, Pavle; Vujosevic, Zorica (February 2, 1999). "The Yugoslav Hyperinflation of 1992-1994: Causes, Dynamics, and Money Supply Process". Journal of Comparative Economics. 27 (2): 335–353. doi:10.1006/jcec.1999.1577.

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[1] Palairet, Michael R. (2000). The Four Ends of the Greek Hyperinflation of 1941-1946. University of Copenhagen: Museum Tusculanum Press. pp. 9, 15–17. ISBN 9788772895826.

[2] Cagan, Phillip (1956). "The Monetary Dynamics of Hyperinflation". In Friedman, Milton (ed.). Studies in the Quantity Theory of Money. Chicago: University of Chicago Press.

[3] Bogetic, Zeljko; Petrovic, Pavle; Vujosevic, Zorica (February 2, 1999). "The Yugoslav Hyperinflation of 1992-1994: Causes, Dynamics, and Money Supply Process". Journal of Comparative Economics. 27 (2): 335–353. doi:10.1006/jcec.1999.1577.

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