In this paper we propose a test of the hyperinflation model of money demand, which is valid under any assumption …

inflation tax revenue. Finally, the Cagan model is estimated with the additional assumption of rational expectations for Turkey …

This research examines the success of stabilization policies to control hyperinflation in Bolivia. Money demand … functions for the hyperinflation and stabilization periods were econometrically estimated and statistically tested. We conclude …

Under high inflation, money experiences a process of institutional fragmentation: the unit of account and the unit of … payment are split and transferred on alternate supports, either a foreign currency as for instance in Argentina, or domestic …

Under high inflation, money experiences a process of institutional fragmentation: the unit of account and the unit of … payment are split and transferred on alternate supports, either a foreign currency as for instance in Argentina, or domestic …

A vast literature exists that measures the amount of real GDP that is lost when trend inflation is lowered by a … constrains the disinflation episodes to be ones where trend inflation at the start of an episode is low or moderate. All cases of … high inflation, and even hyperinflations, are automatically discarded in the literature. This paper seeks to address what …

In command economies, inflation is either absent or at least unrelated to supply and demand. However, when the … economies in Eastern Europe started transforming into market economies, they suddenly experienced high and volatile inflation … rates. Transformation countries are therefore interesting laboratories for studying individual inflation aversion. In this …

large increase inflation, with an acceleration in the rate of local currency depreciation. Such hyperinflation has damaged …This study analyses the relationship between exchange rate reform and inflation in Congo-DRC, during the 1980s and 1990 …

inflation, for the case of Bolivia. The text describes the situation of the country analysed in terms of monetary policy after … one of the worst cases of hyperinflation ever; empirical evidence is presented through two independent estimations, one … relation between money growth and inflation in Bolivia using data for the years 1998 to 2010. Evidence confirms the impact of …

large increase inflation, with an acceleration in the rate of local currency depreciation. Such hyperinflation has damaged …This study analyses the relationship between exchange rate reform and inflation in Congo-DRC, during the 1980s and 1990 …