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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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發(fā)表于 2025-3-21 19:07:18 | 只看該作者 |倒序瀏覽 |閱讀模式
書目名稱Exploring the Mechanics of Chronic Inflation and Hyperinflation
編輯Fernando de Holanda Barbosa
視頻videohttp://file.papertrans.cn/320/319652/319652.mp4
概述Explains chronic inflation by means of a Keynesian model, in which public deficits are financed by money.Shows that the origin of hyperinflation is an unsustainable intertemporal government budget con
叢書名稱SpringerBriefs in Economics
圖書封面Titlebook: Exploring the Mechanics of Chronic Inflation and Hyperinflation;  Fernando de Holanda Barbosa Book 2017 The Author(s) 2017 Chronic Inflatio
描述.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 rule states that money is issued to finance the public deficit. The chronic inflation models take into account the fact that indexation mechanisms adjust prices and wages, yielding the inertial component of inflation. The dynamics of these models can be very unstable under parameter changes or shocks that hit the economy. The previous hyperinflation models surveyed in this book attempt to explain hyperinflation as a bubble phenomenon because they assume a constant real deficit financed by money. The mechanics of hyperinflation models in this book explains hyperinflation by a fiscal crisis, characterized by an increasing fiscal deficit. This fiscal crisis yields an intertemporal budget constraint that is not sustainable. The analysis of the pathology of hyperinflation uses the same tools employed to understand the p
出版日期Book 2017
關鍵詞Chronic Inflation; Hyperinflation; Intertemporal Government Budget Constraint; Inflation Tax; Hyperinfla
版次1
doihttps://doi.org/10.1007/978-3-319-44512-0
isbn_softcover978-3-319-44511-3
isbn_ebook978-3-319-44512-0Series ISSN 2191-5504 Series E-ISSN 2191-5512
issn_series 2191-5504
copyrightThe Author(s) 2017
The information of publication is updating

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沙發(fā)
發(fā)表于 2025-3-21 20:46:47 | 只看該作者
板凳
發(fā)表于 2025-3-22 03:45:54 | 只看該作者
Chronic Inflation and Hyperinflation, a money demand equation in which the expected inflation rate is a key argument; (2) a mechanism that describes the expectations formation; and (3) an equation representing the government deficit financing through money issuing. Cagan?(1956) took into account the first two ingredients, but considere
地板
發(fā)表于 2025-3-22 06:37:08 | 只看該作者
Chronic Inflation in the New Keynesian Model,, 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
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發(fā)表于 2025-3-22 12:26:44 | 只看該作者
6#
發(fā)表于 2025-3-22 15:23:16 | 只看該作者
Hyperinflation: Inflation Tax and Economic Policy Regime,non 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.
7#
發(fā)表于 2025-3-22 18:34:06 | 只看該作者
Competitive Equilibrium Hyperinflation Under Rational Expectations,f Cagan’s model can be found in several textbooks, such as Blanchard and Fischer?(1989), Obstfeld and Rogoff?(1996) and Romer?(2001).Cagan’s model is capable of generating hyperinflation under two types of expectation mechanisms: adaptive and rational. Both are unsatisfactory because adaptive expect
8#
發(fā)表于 2025-3-23 00:17:29 | 只看該作者
Hyperinflation Pitfalls: Fundamentals Versus Bubbles,s 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.
9#
發(fā)表于 2025-3-23 02:28:30 | 只看該作者
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發(fā)表于 2025-3-23 06:11:52 | 只看該作者
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