High inflation disrupts the organization of markets. This paper relates those “Industrial Organization” effects of inflation to the poor growth performance of high-inflation economies, in the context of a Schumpeterian growth model.
Tomassi, M. (2016). High inflation: resource misallocations and growth effects. Estudios De Economía, 23(2), pp. 157–177. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40995