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This book presents a theoretical framework to explain chronic inflation and hyperinflation. The roots of these two phenomenon are a fiscal monetary regime in which money issues finance the public deficit. Chronic inflation is modeled by using both the old and the new Keynesian model, with a different policy rule. Instead of using the Taylor rule, the central bank policy

Title : Exploring the Mechanics of Chronic Inflation and Hyperinflation (SpringerBriefs in Economics)
Author : Fernando de Holanda Barbosa
Language : en
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4.90 out of 5 stars
Type : PDF, ePub, Kindle
Uploaded : Apr 06, 2021

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