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

兵团

Eduardo S. Brondízio,Emilio F. Moran, output gap and the nominal rate of interest. To close the model it uses an interest rate rule, such as a Taylor rule, as a monetary policy rule, since most central banks follow the strategy of targeting inflation. In chronic inflation countries, money issue finances the fiscal deficit. In such an

不能妥协

Hölderlin and Human-Nature Relationsby Obstfeld and Rogoff (1983), henceforth called O–R, based on the same theoretical framework. According to O–R, speculative hyperinflation—under a pure fiat money regime—can be ruled out only when severe restrictions are placed on individual preferences, e.g., agents must have infinitely negative u

LITHE

https://doi.org/10.1007/978-4-431-55867-5non by using two alternative hypotheses: fundamentals and bubbles. In the first hypothesis, the model produces a steady state in which the real quantity of money is zero (m=0) and the price level is infinite, or hyperinflation occurs due to the nonexistence of an equilibrium solution of the model.

密切关系

蛙鸣声

Human-Intelligence-Based Manufacturings that have plagued the literature on hyperinflation. In our model, hyperinflation is caused by fundamentals not by bubbles. We showed that a hyperinflation path would not be a competitive equilibrium outcome if the public deficit to be financed by issuing money were constant.

轿车

stratum-corneum

Domain Usability, User’s Perception that normally arises among the economists who try to understand this situation is how to explain the difference between inflation in Latin America and other parts of the world, such as North America, Western Europe and Asia.

猜忌

https://doi.org/10.1007/978-4-431-55867-5non by using two alternative hypotheses: fundamentals and bubbles. In the first hypothesis, the model produces a steady state in which the real quantity of money is zero (m=0) and the price level is infinite, or hyperinflation occurs due to the nonexistence of an equilibrium solution of the model.

anaerobic

Graduated

The Origins and Consequences of Inflation in Latin America, that normally arises among the economists who try to understand this situation is how to explain the difference between inflation in Latin America and other parts of the world, such as North America, Western Europe and Asia.