Abstract

It is well known that hyperinflationary equilibria typically exist in an infinite-horizon monetary model with an exogenous money growth rule. This note demonstrates the effect of money demand timing on the nature of these equilibria.

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Additional Information

ISSN
1538-4616
Print ISSN
0022-2879
Pages
pp. 1115-1120
Launched on MUSE
2005-03-22
Open Access
No
Archive Status
Archived 2007
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