Steve H. Hanke
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Research
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Research

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Professor Hanke's research spans water resource economics, privatization, currency boards, hyperinflation measurement, monetary theory, and capital theory β€” with over 600 published papers, articles, and policy reports. Ranked the world's third most influential economics influencer by FocusEconomics in Barcelona.

Research

Signature Tools & Indices

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Hanke-Krus Hyperinflation Table

The definitive academic record: 62 documented hyperinflation episodes across 5 centuries. First published 2012, continuously updated.

View the Table β†’

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Hanke Annual Misery Index

Unemployment + Inflation + Lending Rate βˆ’ GDP Growth. Annual rankings of 157 countries. Published in Forbes and National Review.

Explore the Index β†’

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Hanke's Golden Growth Rate

The money supply growth rate consistent with any inflation target, derived directly from the Quantity Theory of Money.

Explore the GGR β†’

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Hanke-Henry Permanent Calendar

A perennial calendar reform (with Prof. Richard Conn Henry, JHU Physics) that makes every year identical. Preserves the Sabbath. Abolishes time zones.

Explore the Calendar β†’

Research Areas

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Water Resource Economics

Hanke's foundational academic discipline. The first event study of water meter installation. Sewer interceptor design. Advisory work for Veolia and Lyonnaise des Eaux.

Explore Water Resources β†’

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Troubled Currencies Project

A JHU–Cato Institute collaboration tracking black-market exchange rates and implied inflation in 44 countries. Launched 2013. Hanke's Inflation Satellite launched 2021.

Explore the Project β†’

Full Research Archive

  • Ideas & Research Hub β†’
  • Academic Papers β†’
  • Steve Hanke's PPP Methodology β†’

Featured Video

Hanke applies the Golden Growth Rate to U.S. inflation outlook | Thoughtful Money, Aug 2025