On the Explosive Nature of Hyper-inflation Data.
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 "estim...
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| Format: | Journal article |
| Language: | English |
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2008
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