Zimbabwe's hyperinflation money demand model
| dc.contributor.author | Makochekanwa, Albert | |
| dc.date.accessioned | 2008-02-11T06:49:22Z | |
| dc.date.available | 2008-02-11T06:49:22Z | |
| dc.date.issued | 2007-07 | |
| dc.description.abstract | The research attempts to empirically study the demand for money, especially the magnitudes of the price expectation and real cash balance adjustment for Zimbabwe. Price expectation and real cash balance adjustment models are estimated. The results show that both the interest rate and the rate of change in prices are relevant variables for explaining the variations in the demand for real cash balances in Zimbabwe. Overall, the findings suggest that the Zimbabwean hyperinflation does not appear to have been a selfgenerating process independent of money supply. | en |
| dc.format.extent | 195741 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.identifier.citation | Makochekanwa, A 2007, 'Zimbabwe's hyperinflation money demand model', University of Pretoria, Department of Economics, Working paper series, no. 2007-12. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3] | en |
| dc.identifier.uri | http://hdl.handle.net/2263/4397 | |
| dc.language.iso | en | en |
| dc.publisher | University of Pretoria, Department of Economics | en |
| dc.relation.ispartofseries | Working Paper (University of Pretoria, Department of Economics) | en |
| dc.relation.ispartofseries | 2007-12 | en |
| dc.rights | University of Pretoria, Department of Economics | en |
| dc.subject | Hyperinflation | en |
| dc.subject | Real cash balances | en |
| dc.subject | Price expectation | en |
| dc.subject | Equilibrium | en |
| dc.subject | Error correction model | en |
| dc.subject.lcsh | Inflation (Finance) -- Zimbabwe | en |
| dc.subject.lcsh | Demand for money -- Zimbabwe | en |
| dc.title | Zimbabwe's hyperinflation money demand model | en |
| dc.type | Working Paper | en |