Found 2 article(s) for author 'Hyperinflation'

Revisiting Speculative Hyperinflations in Monetary Models

Revisiting Speculative Hyperinflations in Monetary Models. Kenneth Rogoff, May 4, 2017, Paper, “In an interesting and provocative paper in the Journal of Political Economy, John Cochrane (2011) examines a host of New Keynesian and micro-founded models of money demand, and finds them all guilty of arbitrarily assuming uniqueness when, in fact, the whole class of models is generically riddled with multiple-equilibrium problems. He concludes that only the “fiscal theory of the price level”–which posits that the price level simply follows from the government budget constraint–offers a coherent and rigorous theory of the value of money.Link

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A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002

A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002, Rafael Di Tella, October 2014, Case. “The case describes Argentina’s struggle to establish a credible monetary system under populist pressures and the recurrent use of exchange rate stabilization plans. It focuses on two episodes where there was “too little money” in the economy: during the hyperinflation episodes during the late 1980’s-when money demand collapsed and the early 2000’s when the supply of money collapsed under a hard currency peg…” Link

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