Makochekanwa, Albert2008-02-112008-02-112007-07Makochekanwa, 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]http://hdl.handle.net/2263/4397The 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.195741 bytesapplication/pdfenUniversity of Pretoria, Department of EconomicsHyperinflationReal cash balancesPrice expectationEquilibriumError correction modelInflation (Finance) -- ZimbabweDemand for money -- ZimbabweWorking Paper