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MCS
2008
Springer

Money and inflation in a nonlinear model

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Money and inflation in a nonlinear model
A nonlinear model of inflation and growth, with a fixed rate of money growth, is developed and its global dynamics analysed. These are compared with the local, linearised dynamics of the model. It is shown that the global dynamics of the model plausibly predict hyperinflationary bubbles, which are not present in the linearised version. Numerical simulations of the model are presented.
Donald A. R. George, Les Oxley
Added 13 Dec 2010
Updated 13 Dec 2010
Type Journal
Year 2008
Where MCS
Authors Donald A. R. George, Les Oxley
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