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Understanding the impact of severe hyperinflation experience on current household investment behavior
(Elsevier B.V., 2018)
We propose that a hyperinflation event has a long-lasting effect on household investment behavior. We want to investigate whether future stock market participation can be influenced by a single extreme macroeconomic ...
Hyperinflation: inflation tax and economic policy regime
(Sociedade Brasileira de Econometria, 2002-11-02)
This paper shows that price level indeterminacy in monetary models with multiple equilibria can be solved by the selection of an appropriate monetary policy regime, according to the demand elasticity of the real quantity ...
Inflation tax and money essentiality
(Elsevier Science Sa, 2003-02)
This paper shows that [Journal of Political Economy 91 (1983) 675] infeasibility condition, which is equivalent to say that money is essential, is an empirical question, rather than a theoretical issue. This hypothesis can ...
Modelo de Cagan e quebras estruturais: evidências para o Brasil (1970-94)
(2011)
Using the model proposed by Cagan (1956), the money demand and prices are investigated in Brazilian high-inflation period between 1970 and 1994. Once the relevant series potentially have structural breaks, cointegration ...