The Demand for Money During High Inflation Episodes : Some Latin American Evidenceon the Cagan Model /
This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile and Peru during the 1970s and 1980s. We test whether the monetary and inflationary experiences of these countries can be adequately characterized by the Cagan (1956) model, using an...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1991.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1991/048 |
| Online-ссылка: | Full text available on IMF |