The great turnaround
The New Bazaar
00:00
The Baker Hypothesis
Ohet peter: I want to turn to the baker hypothesis, which was the paper that you recently finished with anucatary and hectoraus. The three ostudied four specific economic reforms that are part of this ogenda to spur economic growth in developing countries. We'll talk about whether or not they worked, and we'll talk about some of the nuances and how they should be applied. First up, inflation stabilization. When inflation's 200 % per year, things are a mess. No one knows exactly what prices are goin to b in t e future.
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