Annotation This paper reviews Zares experience with hyperinflation during 1990-96 and develops an illustrative model based on a money demand function that includes government revenue as a determinant. Government revenue is itself subject to the Tanzi effect, in which inflation tends to lower revenue collections. the model is estimated over the 1990-96 period, and simulations are also presented. the paper concludes with a number of observations and policy recommendations for stopping hyperinflation in Zare
Bibliography
Includes bibliographical references (page 39)
Notes
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English
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