Hyperinflation and the Dynamics of the Demand for Money in China, 1945-1949.
This paper is to study the demand for money during the Chinese inflation of 1945-49. Based on the Chinese experience, the results confirm the hypothesis that during hyperinflation the expected rate of change in prices is the most important variable in the demand function for money. The estimated va...
| Published in: | Journal of Political Economy Vol. 79; no. 1; pp. 186 - 196 |
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| Format: | Article |
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University of Chicago Press
Jan/Feb71
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| Online Access: | View this record in EBSCOhost |