The German hyperinflation in 1923 was caused by monetary financing of the highly deficient German state budget by a de …-pendent central bank. The social and economic consequences of the hyperinflation were disastrous. Combined with an instable politi …-cal atmosphere, paving the way for the rise of the Nazis, the hyperinflation is deeply etched in the German collective memory. It is …

In the United Kingdom, money demand deviates from the convex relationship suggested by monetary theory. Limited …

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 …-integration ; explosive processes ; hyper-inflation …

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. Using data from the extreme Yugoslavian hyper-inflation …