Arbeitspapier
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 ?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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2008-9
- Klassifikation
-
Wirtschaft
Demand for Money
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
- Thema
-
Cost of holding money
co-explosiveness
co-integration
explosive processes
hyper-inflation
Hyperinflation
Preisstatistik
Inflationssteuer
Geldnachfrage
Kosten
Schätzung
Theorie
Jugoslawien - Nachfolgestaaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nielsen, Bent
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Nielsen, Bent
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2008
Ähnliche Objekte (12)
On the Explosive Nature of Hyper-Inflation Data
On the Explosive Nature of Hyper-Inflation Data
Quasi-fiscal deficit financing and (hyper) inflation
When money dies : the nightmare of the Weimar hyper-inflation
HyperTalk - HyperText : Programmierung von Apples HyperCard
Hyper-
Hyper
Explosives
HyperCard, HyperTalk : [Version 1.2, deutsch]
Toward customer hyper-personalization experience — A data-driven approach
HyperWriting
HyperTalk
On the Explosive Nature of Hyper-Inflation Data
On the Explosive Nature of Hyper-Inflation Data
Quasi-fiscal deficit financing and (hyper) inflation
When money dies : the nightmare of the Weimar hyper-inflation
HyperTalk - HyperText : Programmierung von Apples HyperCard
Hyper-
Hyper
Explosives
HyperCard, HyperTalk : [Version 1.2, deutsch]
Toward customer hyper-personalization experience — A data-driven approach
HyperWriting
HyperTalk
On the Explosive Nature of Hyper-Inflation Data
On the Explosive Nature of Hyper-Inflation Data
Quasi-fiscal deficit financing and (hyper) inflation
When money dies : the nightmare of the Weimar hyper-inflation
HyperTalk - HyperText : Programmierung von Apples HyperCard
Hyper-
Hyper
Explosives
HyperCard, HyperTalk : [Version 1.2, deutsch]
Toward customer hyper-personalization experience — A data-driven approach
HyperWriting