Money and inflation in a nonlinear model

A nonlinear model of inflation and growth, with a fixed rate of money growth, is developed and its global dynamics analysed. These are compared with the local, linearised dynamics of the model. It is shown that the global dynamics of the model plausibly predict hyperinflationary bubbles, which are not present in the linearised version. Numerical simulations of the model are presented.

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Year of publication:	2007-07-27
Authors:	George, Donald A R ; oxley, les
Institutions:	School of Economics, University of Edinburgh
Subject:	Money \| inflation \| nonlinearity

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Series:	ESE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005369098