A Simple Model of Recurrent Hyperinflation - Search Results

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A Simple Model of Recurrent Hyperinflation / Vázquez, Jesús
The model developed in this paper builds on Cagan's demand for money by considering that a share of government expenditure is spent on servicing foreign debt obligations and fixed in foreign currency. [...]
A partir de la función de demanda de dinero de Cagan, el modelo desarrollado en este artículo considera que una fracción del gasto gubernamental se destina al pago de intereses asociado a la deuda externa y que dicho pago es constante medido en unidades de la moneda extranjera. [...]
1998
Revista española de economia, V. 15 N. 3 (1998) , p. 355-377

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