foresight monetary hyperinflation paths depends robustly on the essentiality of money. We show that the popular semilogarithmic … form of the demand for money is not appropriate to analyse monetary hyperinflation with perfect foresight. We propose a …

This paper aims at providing some new theoretical support for money demand functions in monetary hyperinflation … analytical approach is used to characterize the agents’ preferences which are compatible with monetary hyperinflation. In the …-hoc assumption implying the inclusion of some friction in the adjustment of some nominal variable. It suggests that monetary …

possibility of explosive monetary hyperinflation in a perfect foresight inflationary finance model always relies on a sufficient …-in-advance model where representative agent’s preferences are represented by general utility functions. We show that modelling monetary … hyperinflation with perfect foresight is closely linked to the concept of money essentiality as defined by Scheinkman (1980). The …

This paper aims at drawing new guidelines for investigation of monetary hyperinflation analysis. We propose a MIUF … optimizing model and show that monetary hyperinflation can occur as a perfect foresight competitive equilibrium path only when … inclusion of friction in the adjustment of some nominal variable. It suggests that monetary hyperinflation analysis under …