MARC Record from Library of Congress

LEADER: 02163cam a22003257a 4500
001 2005617053
003 DLC
005 20050314085810.0
007 cr |||||||||||
008 050314s2002 gau sb f000 0 eng
010 $a 2005617053
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aTallman, Ellis W.$q(Ellis William),$d1958-
245 10 $aNominal and real disturbances and money demand in the Chinese hyperinflation$h[electronic resource] /$cEllis W. Tallman, De-piao Tang, and Ping Wang.
260 $a[Atlanta, Ga.] :$bFederal Reserve Bank of Atlanta,$c[2002]
490 1 $aWorking paper series / Federal Reserve Bank of Atlanta ;$v2002-4
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 3/14/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper reexamines the dynamics of hyperinflation by allowing variability in the relative price of capital goods in units of consumption goods that reflects interactions between the real and monetary sectors. The theory generates empirically testable implications that suggest expanding the standard Caganian money demand function to include both anticipated inflation and relative price effects in a nonlinear fashion. Employing data from the post-World War II Chinese hyperinflationary episode, the empirical findings suggest that conventional econometric investigations of money demand during hyperinflation overlook important nonlinear interactions between real and monetary activities and, hence, underestimate the welfare costs of hyperinflation. JEL classification: E31, E41"--Federal Reserve Bank of Atlanta web site.
650 0 $aInflation (Finance)$zChina$xEconometric models.
653 $aHyperinflation;$amoney demand
700 1 $aTang, De-piao.
700 1 $aWang, Ping.
710 2 $aFederal Reserve Bank of Atlanta.
830 0 $aWorking paper series (Federal Reserve Bank of Atlanta : Online) ;$v2002-4.
856 40 $uhttp://www.frbatlanta.org/invoke.cfm?objectid=AAECA582-428B-11D6-A3910008C7720D25&method=display