On the Explosive Nature of Hyper-Inflation Data

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17981

Title:	On the Explosive Nature of Hyper-Inflation Data
Keywords:	E41 C32 ddc:330 Cost of holding money co-explosiveness co-integration explosive processes hyper-inflation Hyperinflation Preisstatistik Inflationssteuer Geldnachfrage Kosten Schätzung Theorie Jugoslawien - Nachfolgestaaten
Issue Date:	16-Oct-2013
Publisher:	Kiel Institute for the World Economy (IfW) Kiel
Description:	Empirical analyses of Cagan?s money demand schedule for hyper-inflation have largely ignored the explosive nature of hyper-inflationary data. It is argued that this contributes to an (i) inability to model the data to the end of the hyper-inflation, and to (ii) discrepancies between ?estimated? and ?actual? inflation tax. A simple solution to these issues is found by replacing the conventional measure of inflation by the cost of holding money.
URI:	http://koha.mediu.edu.my:8181/xmlui/handle/10419/17981
Other Identifiers:	http://hdl.handle.net/10419/17981 ppn:560706871 RePEc:zbw:ifwedp:7210
Appears in Collections:	EconStor

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