Title of article
The monetary model of the exchange rate under hyperinflation: New encouraging evidence
Author/Authors
Engsted، نويسنده , , Tom ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1996
Pages
8
From page
37
To page
44
Abstract
This paper suggests a new method of testing the rational expectations version of the monetary model of the exchange rate under hyperinflation that takes into account the stochastic non-stationarity of the data involved. The method is applied to money and exchange rate data from the German 1921–1923 hyperinflation, and the results are very supportive of the model
Keywords
Hyperinflation , Exchange rate determination , cointegration
Journal title
Economics Letters
Serial Year
1996
Journal title
Economics Letters
Record number
434091
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