On the Explosive Nature of Hyper-Inflation Data

dc.creator	Nielsen, Bent
dc.date	2008
dc.date.accessioned	2013-10-16T06:57:42Z
dc.date.available	2013-10-16T06:57:42Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/17981
dc.identifier	ppn:560706871
dc.identifier	RePEc:zbw:ifwedp:7210
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/17981
dc.description	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.
dc.language	eng
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel
dc.relation	Economics Discussion Papers / Institut für Weltwirtschaft 2008-9
dc.rights	http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
dc.subject	E41
dc.subject	C32
dc.subject	ddc:330
dc.subject	Cost of holding money
dc.subject	co-explosiveness
dc.subject	co-integration
dc.subject	explosive processes
dc.subject	hyper-inflation
dc.subject	Hyperinflation
dc.subject	Preisstatistik
dc.subject	Inflationssteuer
dc.subject	Geldnachfrage
dc.subject	Kosten
dc.subject	Schätzung
dc.subject	Theorie
dc.subject	Jugoslawien - Nachfolgestaaten
dc.title	On the Explosive Nature of Hyper-Inflation Data
dc.type	doc-type:workingPaper
dc.coverage	1991-1994

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