Hyperinflationary Equilibria and Timing: A Note.

It is well known that hyperinflationary equilibria typically exist in an infinite-horizon monetary model with an exogenous money growth rule. This note demonstrates the effect of money demand timing on the nature of these equilibria.

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Year of publication:	2004
Authors:	Carlstrom, Charles T ; Fuerst, Timothy S
Published in:	Journal of Money, Credit and Banking. - Blackwell Publishing. - Vol. 36.2004, 6, p. 1115-20
Publisher:	Blackwell Publishing

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005530440