I'm looking for some academic research on modeling risk of hyperinflation. Specifically, I'm interested in modeling the probability of hyperinflation over some time interval (e.g., probability of hyperinflation in Argentina within the next year).
I'm familiar with numerous macroeconomic models which are related to inflation, but I'm looking for something a bit different. Clearly sovereign default hyperinflation are related, but I'd like to estimate some function to convert between the two. For example, we can infer probability of default from CDS rates. Then, I'd like to use that to determine probability of hyperinflation. Are there any problems with attempting to approach this problem using this method?
Any references or guidance would be appreciated. FWIW, my technical background in mathematics, stats, finance is relatively advanced. i.e., don't be discouraged from sharing any references using stochastic calculus, vector autoregression, etc.