Hyperinflation and stabilisation: Cagan revisited

Economic Journal

Volumn 107, Issue 441, 1997, Pages 441-454

  Miller, Marcus ^a   Zhang, Lei ^a  

^a UNIVERSITY OF WARWICK   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 18544385208     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.0013-0133.1997.169.x     Document Type: Article

References (13)

1. Aslund, Anders (1995). How Russia Became a Market Economy. Washington, D.C. : The Brookings Institution.
2. Barnett, Victoria (1995). 'A rational expectations catastrophe model of hyperinflation.' MSc dissertation, University of Warwick.
3. Bertola, Giuseppe and Drazen, Alan (1993). 'Trigger points and budget cuts: explaining the effects of fiscal austerity.' American Economic Review, vol. 83, pp. 11-26.
4. Cagan, Phillip (1956). 'The monetary dynamics of hyperinflation.' In Studies in the Quantity Theory of Money (ed. M. Friedman), pp. 25-117. Chicago: University of Chicago Press.
5. Davies, Gareth and Vines, David (1995). 'Equilibrium currency crises: are multiple equilibria self-fulfilling or history dependent?' CEPR Discussion Paper, No. 1239.
6. Dixit, Avinash K. (1991). 'A simplified exposition of the theory of optimal control of Brownian motion.' Journal of Economic Dynamics and Control, vol. 15(4), pp. 657-73.
7. Dixit, Avinash K. and Pindyck, Robert S. (1994). Investment under Uncertainty, Princeton: Princeton University Press.
8. Drazen, Alan and Helpman, Elhanan (1990). 'Inflationary consequences of anticipated macroeconomic policies.' Review of Economic Studies, vol. 57(1), pp. 147-64.
9. Evans, George W. and Ramey, Garey (1995). 'Expectation calculation, hyperinflation and currency collapse.' In The New Macroeconomics: Imperfect Markets and Policy Effectiveness (ed. H. Dixon and N. Rankin), pp. 307-36. Cambridge: Cambridge University Press.
10. Garber, Peter M. and Spencer, Michael G. (1994). 'The dissolution of the Austro-Hungarian Empire: lessons for currency reform.' Essays in International Finance, No. 191, Princeton University.
11. Havrylyshyn, Oleh, Miller, Marcus and Perraudin, William (1994). 'Deficits, inflation and the political economy in Ukraine.' Economic Policy, vol. 19(2), pp. 353-401.
12. Krugman, Paul and Miller, Marcus (eds.) (1992). Exchange Rate Targets and Currency Bands. Cambridge: Cambridge University Press.
13. Loungani, Prakesh and Sheets, Nathan (1995). 'Central bank independence, inflation and growth in transition economies.' International Finance Discussion Paper, No. 519. Washington, D.C.: Board of Governors of the Federal Reserve System.