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Megasinflation: Unraveling a New Paradigm in Economic Analysis

Preprint · October 2023

DOI: 10.13140/RG.2.2.11710.25928

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All Copyright under Econographication Laboratory © 2023

Megasinflation
Unraveling a New Paradigm in Economic
Analysis
All Copyright under Econographication Laboratory © 2023

Megasinflation
Unraveling a New Paradigm in Economic
Analysis
By
Mario Arturo RUIZ ESTRADA,
Econographication Laboratory
E-mail: mario-ruiz@econographication.com or marioarturoruiz@gmail.com
Website: www.econonographication.com
Tel: +6012-6850293

Abstract

This research paper introduces a groundbreaking concept in the field of Economics,

specifically in the study of inflation, termed "Megasinflation." While the conventional term
"Hyperinflation" is used to denote an inflationary scenario characterized by three-digit
percentage increases, our objective is to propose a novel economic indicator and examine its
applicability through empirical analysis. Megasinflation is defined as an unbridled and boundless
inflationary process that threatens to precipitate socio-economic turmoil at any time and in any
place. This paper conducts a comprehensive examination of three compelling cases, namely
Argentina, Venezuela, and Zimbabwe, to shed light on the implications and manifestations of
Megasinflation. Finally, this paper provides a comprehensive overview of the concept of
Megasinflation, supported by empirical analysis of key cases. The study serves as a foundation
for further research in understanding and mitigating the impacts of extreme inflationary scenarios
on economies worldwide.

Keywords: Megasinflation, Hyperinflation, Economic Indicator, Socio-Economic Chaos,

Case Studies, Inflationary Dynamics, Policy Interventions.

JEL: B40

1. Introduction
1.1 Background
1.2 Rationale for Introducing Megasinflation
1.3 Objectives of the Study
2. Conceptual Framework
2.1 Defining Megasinflation
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2.2 Characteristics of Megasinflation

2.3 Differentiating Megasinflation from Hyperinflation
3. Methodology
3.1 Data Collection and Sources
3.2 Case Selection Criteria
3.3 Analytical Techniques
4. Empirical Analysis
4.1 Argentina: A Case Study in Megasinflation
4.1.1 Historical Context and Inflationary Trends
4.1.2 Socio-Economic Impacts
4.1.3 Political Ramifications
4.1.4 Lessons Learned and Policy Implications
4.2 Venezuela: Unearthing the Megasinflation Phenomenon
4.2.1 Unprecedented Inflationary Escalation
4.2.2 Multi-dimensional Impacts
4.2.3 Technological Setbacks
4.2.4 Policy Interventions and Remedies
4.3 Zimbabwe: A Chronicle of Megasinflation
4.3.1 Megasinflation Unleashed
4.3.2 Widespread Socio-Economic Disruption
4.3.3 Political Instability
4.3.4 Strategies for Recovery and Stabilization
5. Comparative Analysis
5.1 Cross-case Examination of Megasinflation Dynamics
5.2 Lessons for Global Economic Governance
6. Conclusion
6.1 Recapitulation of Key Findings
6.2 Theoretical and Practical Implications of Megasinflation
6.3 Future Research Directions and Policy Recommendations

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