Hyperinflationary Equilibria and Timing: A Note
指出在无限期货币模型中，货币需求时机如何影响恶性通货膨胀均衡的性质，对研究货币政策和通胀动态的学者有参考价值。
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.