Para acceder a los documentos con el texto completo, por favor, siga el siguiente enlace: http://hdl.handle.net/10230/859

Título:	Money and prices in models of bounded rationality in high inflation economies
Autor/a:	Marcet, Albert; Nicolini, Juan Pablo
Otros autores:	Universitat Pompeu Fabra. Departament d'Economia i Empresa
Abstract:	This paper studies the short run correlation of inflation and money growth. We study whether a model of learning can do better than a model of rational expectations, we focus our study on countries of high inflation. We take the money process as an exogenous variable, estimated from the data through a switching regime process. We findthat the rational expectations model and the model of learning both offer very good explanations for the joint behavior of money and prices.
Materia(s):	-inflation and money growth -switching regimes -quasi-rationality -Macroeconomics and International Economics
Derechos:	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Tipo de documento:	Documento de trabajo
Compartir:

Mostrar el registro completo del ítem