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Are stationary hyperinflation paths learnable?
Adam, Klaus; Evans, George W.; Honkapohja, Seppo - 2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …
Persistent link: https://www.econbiz.de/10010298287
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Policy interaction, learning and the fiscal theory of prices
Evans, George W.; Honkapohja, Seppo - 2002
We investigate both the rational explosive inflation paths studied by McCallum (2001) and the classification of fiscal …
Persistent link: https://www.econbiz.de/10012147853
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Are stationary hyperinflation paths learnable?
Adam, Klaus; Evans, George W.; Honkapohja, Seppo - Center for Financial Studies - 2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …
Persistent link: https://www.econbiz.de/10010958763
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Policy Interaction, Learning and the Fiscal Theory of Prices
Evans, G W; Honkapohja, Seppo - C.E.P.R. Discussion Papers - 2002
We investigate both the rational explosive inflation paths studied by McCallum (2001), and the classification of fiscal …
Persistent link: https://www.econbiz.de/10005136683
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Are Hyperinflationary Paths Learnable?
Adam, Klaus; Evans, George W.; Honkapohja, Seppo - Department of Economics, University of Oregon - 2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …
Persistent link: https://www.econbiz.de/10005464104
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Policy interaction, learning and the fiscal theory of prices
Evans, George W.; Honkapohja, Seppo - Suomen Pankki - 2002
We investigate both the rational explosive inflation paths studied by McCallum (2001) and the classification of fiscal …
Persistent link: https://www.econbiz.de/10005423711
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Are Stationary Hyperinflation Paths Learnable?
Adam, Klaus; Evans, George W.; Honkapohja, Seppo - Center for Financial Studies - 2004
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …
Persistent link: https://www.econbiz.de/10005120784
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Growth, expectations, and tariffs
Honkapohja, Seppo; Turunen-Red, Arja H.; Woodland, Alan D. - 2011
We study a many country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries differ in basic structural parameters and may impose tariffs...
Persistent link: https://www.econbiz.de/10010274930
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Growth, Expectations and Tariffs
Honkapohja, Seppo - 2011
We study a many-country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine the country-specific short-run transition paths. The countries differ in basic structural parameters and may impose...
Persistent link: https://www.econbiz.de/10013124639
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Growth, Expectations, and Tariffs
Honkapohja, Seppo - 2011
We study a many country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries differ in basic structural parameters and may impose tariffs...
Persistent link: https://www.econbiz.de/10013125689