The Demand for Money During High Inflation Episodes : Some Latin American Evidenceon the Cagan Model

Some Latin American Evidenceon the Cagan Model

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 econometric procedure which is not reliant on... READ MORE...

Publication date: May 1991
ISBN 9781451846683
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