The model of German hyperinflation is presented in this paper, which struck Germany after the first world's war. The simple monetary model, which goes from Cagan's demand function for money and describes equilibrium on money market, is used. The purpose of the paper is analysis and estimation of...

The Iterative Kalman filter Smoother (IKFS) is the method for estimation of initial states and parameters of models in the state space form. This estimation procedure is described in the paper along with its basic properties. Its main advantage stems from the fact that it only consists of...