Titlebook: Exploring the Mechanics of Chronic Inflation and Hyperinflation; Fernando de Holanda Barbosa Book 2017 The Author(s) 2017 Chronic Inflatio

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Chronic Inflation and Hyperinflation, Kiguel (1989) based on the hypothesis that prices and wages are not flexible, introduced in his model the assumption that the money market does not adjust instantaneously, but according to a partial adjustment mechanism. Having this additional hypothesis, the model with rational expectations is abl

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Eduardo S. Brondízio,Emilio F. Moranrganized as follows: Sect. 2 presents the model specification. Section 3 analyzes the dynamical system, its equilibrium and stability. Section 4 provides an empirical assessment of the parameters that determine the model’s properties. Section 5 gives the concluding remarks.

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Exploring the Mechanics of Chronic Inflation and Hyperinflation

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