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Traditional monetary models of hyperinflation suffer from severe stability problems: equilibria with realistic comparative-static properties are unstable while those with unrealistic comparative statics are stable. In the present paper I develop a model of hyperinflation which is based on an...
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presents a combinatorial mixed-integer linear optimisation model and a three-stage heuristic to determine the minimum costs for … less efficient, it substantially overestimates the total costs by up to 80% in all cases with less than 100% heat coverage …
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