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Money and Inflation – A New Macroeconomic Analysis

✍ Scribed by Bortis, Heinrich

Book ID
120411104
Publisher
Emerald Group Publishing Limited
Year
2004
Tongue
English
Weight
65 KB
Volume
31
Category
Article
ISSN
0144-3585

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Money and inflation in a nonlinear model
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✍ Donald A.R. George; Les Oxley 📂 Article 📅 2008 🏛 Elsevier Science 🌐 English ⚖ 503 KB

A nonlinear model of inflation and growth, with a fixed rate of money growth, is developed and its global dynamics analysed. These are compared with the local, linearised dynamics of the model. It is shown that the global dynamics of the model plausibly predict hyperinflationary bubbles, which are n