Hanke continuously claims that the official inflation rates of these countries have been deliberately understated by their statistical agencies. The model has been reporting inflation rates for more than twenty developing countries including: Ghana, Iran, Turkey, Nigeria, Lebanon, Egypt, Zimbabwe, Lebanon, Pakistan, Sri Lanka, Argentina, Venezuela and others. The philosophy behind his dashboard departs from traditional measures of inflation as it is heavily influenced by the effect of exchange rate and stock markets on inflation. Professor Hanke is also well renowned for his regularly published inflation dashboard which is often received with either praise or criticism. Professor Hanke, who previously advised Argentina’s government, maintains that its economic troubles have nothing to do with the currency board. The economic problems in Argentina, for instance, were sometimes blamed on its currency board system, which pegs the peso to the dollar, thus making Argentine exports less competitive. Most economists tend to view that currency boards cause more problems than good. While Suharto never deployed the ideas, this consultation garnered Hanke’s global attention. Hanke’s claim to fame came when he counseled President Suharto of Indonesia on the mechanics of setting up a currency board to control Indonesia’s volatile currency. Hanke is a renowned professor of applied economics at the Johns Hopkins University in Baltimore.
0 kommentar(er)
