Add to ORKGThe paper emerges from the failure of the traditional models of hyperinflation with rational expectations or perfect foresight. Using the insights from two standard optimizing monetary settings the paper shows that the possibility of perfect foresight monetary hyperinflation paths depends robustly on the essentiality of money. We show that the popular semilogarithmic form of the demand for money is not appropriate to analyse monetary hyperinflation with perfect foresight. We propose a simple test of money essentiality for the appropriate specification of the demand for money equation in empirical studies of hyperinflation
The mainstream inflation-targeting literature makes the strong assumption that the central bank can ...
The mainstream inflation-targeting literature makes the strong assumption that the central bank can ...
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two stan...
The paper emerges from the failure of the traditional models of hyperinflation with rational expecta...
This article highlights the strict association met in the literature between the adaptive expectatio...
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two stan...
In cases of hyperinflation the exchange rate varies at a rate close to the rate of inflation and the...
We reconsider the Beladi et al. (1993) technique to measure expectations in hyperinflation episodes ...
This paper shows that price level indeterminacy in monetary models with multiple equilibria can be s...
Self-Stabilization of Hyperinflation — Surprising Monetary Arithmetics This paper discusses the...
This paper explores the stability of the relation between money demand for M3 and inflation in the e...
In this paper, we investigate the conditions under which expected inflation might influence the mone...
On the Stability of Euro Area Money Demandand its Implications for Monetary PolicyFebruary 27, 2018A...
Inflationary Finance and the Demand for Money in Greece This paper estimates the effects of ada...
The mainstream inflation-targeting literature makes the strong assumption that the central bank can ...
The mainstream inflation-targeting literature makes the strong assumption that the central bank can ...
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two stan...
The paper emerges from the failure of the traditional models of hyperinflation with rational expecta...
This article highlights the strict association met in the literature between the adaptive expectatio...
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two stan...
In cases of hyperinflation the exchange rate varies at a rate close to the rate of inflation and the...
We reconsider the Beladi et al. (1993) technique to measure expectations in hyperinflation episodes ...
This paper shows that price level indeterminacy in monetary models with multiple equilibria can be s...
Self-Stabilization of Hyperinflation — Surprising Monetary Arithmetics This paper discusses the...
This paper explores the stability of the relation between money demand for M3 and inflation in the e...
In this paper, we investigate the conditions under which expected inflation might influence the mone...
On the Stability of Euro Area Money Demandand its Implications for Monetary PolicyFebruary 27, 2018A...
Inflationary Finance and the Demand for Money in Greece This paper estimates the effects of ada...
The mainstream inflation-targeting literature makes the strong assumption that the central bank can ...
The mainstream inflation-targeting literature makes the strong assumption that the central bank can ...
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two stan...