๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Optimal inflation in a model of inside money

โœ Scribed by Deviatov, Alexei ;Wallace, Neil


Book ID
121725955
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
214 KB
Volume
17
Category
Article
ISSN
1096-0929

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


Money and inflation in a nonlinear model
โœ Donald A.R. George; Les Oxley ๐Ÿ“‚ Article ๐Ÿ“… 2008 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 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