Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17981 
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dc.contributor.authorNielsen, Benten
dc.date.accessioned2009-01-28T15:05:21Z-
dc.date.available2009-01-28T15:05:21Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/17981-
dc.description.abstractEmpirical 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.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2008-9en
dc.subject.jelE41en
dc.subject.jelC32en
dc.subject.ddc330en
dc.subject.keywordCost of holding moneyen
dc.subject.keywordco-explosivenessen
dc.subject.keywordco-integrationen
dc.subject.keywordexplosive processesen
dc.subject.keywordhyper-inflationen
dc.subject.stwHyperinflationen
dc.subject.stwPreisstatistiken
dc.subject.stwInflationssteueren
dc.subject.stwGeldnachfrageen
dc.subject.stwKostenen
dc.subject.stwSchätzungen
dc.subject.stwTheorieen
dc.subject.stwJugoslawien - Nachfolgestaatenen
dc.titleOn the Explosive Nature of Hyper-Inflation Data-
dc.typeWorking Paperen
dc.identifier.ppn560706871en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:7210en

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