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  • 2020 Expectations in an open economy

    Llawysgrif awdur wedi’i dderbyn, 480 KB, dogfen-PDF

    Embargo yn dod i ben: 25/10/21

Dangosydd eitem ddigidol (DOI)

We reconsider the Beladi et al. (1993) technique to measure
expectations in hyperinflation episodes by allowing money to be
substitutable with foreign assets as well as goods. We determine new
correctness conditions for adaptive and rational expectations formation
in this context and show that, taking into account these conditions, the
data for the German hyperinflation of the 1920s is consistent with
rational expectation formation.

Allweddeiriau

Iaith wreiddiolSaesneg
Rhif yr erthygl109176
CyfnodolynEconomics Letters
Cyfrol192
Dyddiad ar-lein cynnar25 Ebr 2020
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - Gorff 2020
Gweld graff cysylltiadau