Competitive equilibrium hyperinflation under rational expectations

Detalhes bibliográficos
Autor(a) principal: Sallum, Elvia Mureb
Data de Publicação: 2005
Outros Autores: Barbosa, Fernando de Holanda, Cunha, Alexandre Barros da
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/528
Resumo: This paper shows that a competitive equilibrium model, where a representative agent maximizes welfare, expectations are rational and markets are in equilibrium can account for several hyperinflation stylized facts. The theory is built by combining two hypotheses, namely, a fiscal crisis that requires printing money to finance an increasing public deficit and a predicted change in an unsustainable fiscal regime.
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spelling Sallum, Elvia MurebBarbosa, Fernando de HolandaCunha, Alexandre Barros daEscolas::EPGEFGV2008-05-13T15:25:56Z2008-05-13T15:25:56Z2005-01-010104-8910http://hdl.handle.net/10438/528This paper shows that a competitive equilibrium model, where a representative agent maximizes welfare, expectations are rational and markets are in equilibrium can account for several hyperinflation stylized facts. The theory is built by combining two hypotheses, namely, a fiscal crisis that requires printing money to finance an increasing public deficit and a predicted change in an unsustainable fiscal regime.engEscola de Pós-Graduação em EconomiaEnsaios Econômicos;578HyperinflationRational expectationsCompetitive equilibriumFiscal crisisEconomiaExpectativas racionais (Teoria econômica)Modelos econométricosInflaçãoEconomiaCompetitive equilibrium hyperinflation under rational expectationsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL1792.pdfapplication/pdf181060https://repositorio.fgv.br/bitstreams/5fd173ac-57ad-46b6-8106-2c04ce00fd38/downloadbb2a8a3bd666bf3b98fbff4b66d01b98MD51TEXT1792.pdf.txt1792.pdf.txtExtracted texttext/plain48681https://repositorio.fgv.br/bitstreams/5d631043-55d1-4f89-bdc2-c799161368af/downloadd6e301fa22c82a957318c930e0c2c2a3MD56THUMBNAIL1792.pdf.jpg1792.pdf.jpgGenerated Thumbnailimage/jpeg3320https://repositorio.fgv.br/bitstreams/682b409f-08a6-4de7-b0bb-fbfce045c231/download50e9ae71d7a3a7f94975581f7b3b464fMD5710438/5282023-11-08 11:32:51.064open.accessoai:repositorio.fgv.br:10438/528https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T11:32:51Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv Competitive equilibrium hyperinflation under rational expectations
title Competitive equilibrium hyperinflation under rational expectations
spellingShingle Competitive equilibrium hyperinflation under rational expectations
Sallum, Elvia Mureb
Hyperinflation
Rational expectations
Competitive equilibrium
Fiscal crisis
Economia
Expectativas racionais (Teoria econômica)
Modelos econométricos
Inflação
Economia
title_short Competitive equilibrium hyperinflation under rational expectations
title_full Competitive equilibrium hyperinflation under rational expectations
title_fullStr Competitive equilibrium hyperinflation under rational expectations
title_full_unstemmed Competitive equilibrium hyperinflation under rational expectations
title_sort Competitive equilibrium hyperinflation under rational expectations
author Sallum, Elvia Mureb
author_facet Sallum, Elvia Mureb
Barbosa, Fernando de Holanda
Cunha, Alexandre Barros da
author_role author
author2 Barbosa, Fernando de Holanda
Cunha, Alexandre Barros da
author2_role author
author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Sallum, Elvia Mureb
Barbosa, Fernando de Holanda
Cunha, Alexandre Barros da
dc.subject.por.fl_str_mv Hyperinflation
Rational expectations
Competitive equilibrium
Fiscal crisis
topic Hyperinflation
Rational expectations
Competitive equilibrium
Fiscal crisis
Economia
Expectativas racionais (Teoria econômica)
Modelos econométricos
Inflação
Economia
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Expectativas racionais (Teoria econômica)
Modelos econométricos
Inflação
Economia
description This paper shows that a competitive equilibrium model, where a representative agent maximizes welfare, expectations are rational and markets are in equilibrium can account for several hyperinflation stylized facts. The theory is built by combining two hypotheses, namely, a fiscal crisis that requires printing money to finance an increasing public deficit and a predicted change in an unsustainable fiscal regime.
publishDate 2005
dc.date.issued.fl_str_mv 2005-01-01
dc.date.accessioned.fl_str_mv 2008-05-13T15:25:56Z
dc.date.available.fl_str_mv 2008-05-13T15:25:56Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/528
dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
url http://hdl.handle.net/10438/528
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;578
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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