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https://hdl.handle.net/10419/17981
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Nielsen, Bent | en |
dc.date.accessioned | 2009-01-28T15:05:21Z | - |
dc.date.available | 2009-01-28T15:05:21Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/17981 | - |
dc.description.abstract | 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. | en |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for the World Economy (IfW) |cKiel | en |
dc.relation.ispartofseries | |aEconomics Discussion Papers |x2008-9 | en |
dc.subject.jel | E41 | en |
dc.subject.jel | C32 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Cost of holding money | en |
dc.subject.keyword | co-explosiveness | en |
dc.subject.keyword | co-integration | en |
dc.subject.keyword | explosive processes | en |
dc.subject.keyword | hyper-inflation | en |
dc.subject.stw | Hyperinflation | en |
dc.subject.stw | Preisstatistik | en |
dc.subject.stw | Inflationssteuer | en |
dc.subject.stw | Geldnachfrage | en |
dc.subject.stw | Kosten | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Jugoslawien - Nachfolgestaaten | en |
dc.title | On the Explosive Nature of Hyper-Inflation Data | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 560706871 | en |
dc.rights.license | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | en |
dc.identifier.repec | RePEc:zbw:ifwedp:7210 | en |
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