An Alternate Method of Estimating the Cagan Money Demand Function in Hyperinflation under Rational Expectations

28 Pages Posted: 24 Aug 2012  

Marvin Goodfriend

Carnegie Mellon University - David A. Tepper School of Business; National Bureau of Economic Research (NBER)

Date Written: 1979

Abstract

This papers contains a description and implementation of a new strategy for estimating the Cagan money demand function under rational expectations.

Suggested Citation

Goodfriend, Marvin, An Alternate Method of Estimating the Cagan Money Demand Function in Hyperinflation under Rational Expectations (1979). FRB Richmond Working Paper No. 79-5, September 1979. Available at SSRN: https://ssrn.com/abstract=2116563 or http://dx.doi.org/10.2139/ssrn.2116563

Marvin Goodfriend (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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