Charles Bushnell

Charles BushnellCharles Bushnell is a Fixed Income Analyst at Morgan Stanley in New York City. Prior to joining Morgan Stanley, he was Prof. Steve H. Hanke’s chief research assistant at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, which Prof. Hanke directs.

Papers Published in World Economics:

On Measuring Hyperinflation

Venezuela now exhibits the 57th historic episode of hyperinflation as measured in the Hanke–Krus World Hyperinflation Table. Entry to the hyperinflation dataset depends on three qualifying criteria: inflation rates greater than 50% per month; the persistence of this rate for at least 30 consecutive days; and full documentation so that inflation estimates are replicable. This paper measures Venezuela’s hyperinflation by transforming changes in the US dollar–Venezuelan bolivar exchange rate into implied inflation rates using the purchasing power parity doctrine. The purchasing power parity method is accurate during periods of hyperinflation. Venezuela’s hyperinflation peaked with a monthly inflation rate of 219.7% on 30 November 2016.

Read Full Paper >