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Hyperinflation, the exchange rate and endogenous money: post-World War I Germany revisited

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  • Burdekin, Richard C. K.
  • Burkett, Paul

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  • Burdekin, Richard C. K. & Burkett, Paul, 1996. "Hyperinflation, the exchange rate and endogenous money: post-World War I Germany revisited," Journal of International Money and Finance, Elsevier, vol. 15(4), pages 599-621, August.
    • Handle: RePEc:eee:jimfin:v:15:y:1996:i:4:p:599-621
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    1. Burdekin, Richard C K & Burkett, Paul, 1992. "Money, Credit, and Wages in Hyperinflation: Post-World War I Germany," Economic Inquiry, Western Economic Association International, vol. 30(3), pages 479-495, July.
    2. repec:bla:scandj:v:78:y:1976:i:2:p:200-224 is not listed on IDEAS
    3. Evans, Martin & Wachtel, Paul, 1993. "Were price changes during the Great Depression anticipated? : Evidence from nominal interest rates," Journal of Monetary Economics, Elsevier, vol. 32(1), pages 3-34, August.
    4. Thomas J. Sargent, 1982. "The Ends of Four Big Inflations," NBER Chapters, in: Inflation: Causes and Effects, pages 41-98, National Bureau of Economic Research, Inc.
    5. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
    6. Franco, Gustavo H B, 1990. "Fiscal Reforms and Stabilisation: Four Hyperinflation Cases Examined," Economic Journal, Royal Economic Society, vol. 100(399), pages 176-187, March.
    7. Rudiger Dornbusch & Stanley Fischer, 1986. "Stopping hyperinflations past and present," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 122(1), pages 1-47, March.
    8. Hanson, James A., 1985. "Inflation and imported input prices in some inflationary Latin American economies," Journal of Development Economics, Elsevier, vol. 18(2-3), pages 395-410, August.
    9. Webb, Steven B., 1986. "Fiscal News and Inflationary Expectations in Germany after World War I," The Journal of Economic History, Cambridge University Press, vol. 46(3), pages 769-794, September.
    10. R. R. Kuczynski, 1923. "The Elimination of the Paper Mark As Standard of Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 37(4), pages 761-769.
    11. repec:bla:kyklos:v:36:y:1983:i:2:p:231-48 is not listed on IDEAS
    12. Siklos, Pierre L, 1990. "Hyperinflations: Their Origins, Development and Termination," Journal of Economic Surveys, Wiley Blackwell, vol. 4(3), pages 225-248.
    13. Cooley, Thomas F & LeRoy, Stephen F, 1981. "Identification and Estimation of Money Demand," American Economic Review, American Economic Association, vol. 71(5), pages 825-844, December.
    14. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    15. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    16. Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-1176, December.
    17. Casella, Alessandra & Feinstein, Jonathan S, 1990. "Economic Exchange during Hyperinflation," Journal of Political Economy, University of Chicago Press, vol. 98(1), pages 1-27, February.
    18. Edgar L. Feige, 2005. "Expectations And Adjustments In The Monetary Sector," Macroeconomics 0502005, University Library of Munich, Germany.
    19. Michael, P & Nobay, A R & Peel, D A, 1994. "The German Hyperinflation and the Demand for Money Revisited," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(1), pages 1-22, February.
    20. Alesina, Alberto & Drazen, Allan, 1991. "Why Are Stabilizations Delayed?," American Economic Review, American Economic Association, vol. 81(5), pages 1170-1188, December.
    21. Abel, Andrew & Dornbusch, Rudiger & Huizinga, John & Marcus, Alan, 1979. "Money demand during hyperinflation," Journal of Monetary Economics, Elsevier, vol. 5(1), pages 97-104, January.
    22. Tullio, Giuseppe, 1995. "Inflation and Currency Depreciation in Germany, 1920-1923: A Dynamic Model of Prices and the Exchange Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(2), pages 350-362, May.
    23. Rudiger Dornbusch & Ferico Sturzenegger & Holger Wolf, 1990. "Extreme Inflation: Dynamics and Stabilization," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(2), pages 1-84.
    24. Hakkio, Craig S. & Rush, Mark, 1991. "Cointegration: how short is the long run?," Journal of International Money and Finance, Elsevier, vol. 10(4), pages 571-581, December.
    25. Evans, Martin & Wachtel, Paul, 1993. "Inflation Regimes and the," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(3), pages 475-511, August.
    26. Webb, Steven B, 1985. "Government Debt and Inflationary Expectations as Determinants of the Money Supply in Germany, 1919-23," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(4), pages 479-492, November.
    27. Rudiger Dornbusch, 1985. "Stopping Hyperinflation: Lessons from the German Inflation Experience of the 1920s," NBER Working Papers 1675, National Bureau of Economic Research, Inc.
    28. Robert E. Hall, 1982. "Inflation: Causes and Effects," NBER Books, National Bureau of Economic Research, Inc, number hall82-1.
    29. Frank D. Graham, 1929. "Self-limiting and Self-inflammatory Movements in Exchange Rates; Germany," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 43(2), pages 221-249.
    30. Evans, Paul, 1978. "Time-Series Analysis of the German Hyperinflation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(1), pages 195-209, February.
    31. Martin Evans & Paul Wachtel, 1993. "Inflation regimes and the sources of inflation uncertainty," Proceedings, Federal Reserve Bank of Cleveland, pages 475-520.
    32. Thomas D. Willett & Matthias Wolf, 1983. "The Vicious Circle Debate: Some Conceptual Distinctions," Kyklos, Wiley Blackwell, vol. 36(2), pages 231-248, May.
    33. Granger, Clive W J, 1986. "Developments in the Study of Cointegrated Economic Variables," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(3), pages 213-228, August.
    34. Peter J. Montiel, 1989. "Empirical Analysis of High-Inflation Episodes in Argentina, Brazil, and Israel," IMF Staff Papers, Palgrave Macmillan, vol. 36(3), pages 527-549, September.
    35. Cagan, Phillip, 1991. "Expectations in the German hyperinflation reconsidered," Journal of International Money and Finance, Elsevier, vol. 10(4), pages 552-560, December.
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    1. repec:ebl:ecbull:v:15:y:2005:i:19:p:1-10 is not listed on IDEAS
    2. Richard Burdekin & Paul Burkett, 1998. "Economic history and econometrics: a cautionary note from the hyperinflation front," Applied Economics Letters, Taylor & Francis Journals, vol. 5(4), pages 251-254.
    3. Sébastien Charles & Jonathan Marie, 2020. "A Note on the Competing Causes of High Inflation in Bulgaria during the 1990s: Money Supply or Exchange Rate?," Review of Political Economy, Taylor & Francis Journals, vol. 32(3), pages 433-443, July.
    4. Jean-Claude Maswana, 2005. "Assessing the Money, Exchange Rate, Price Links during Hyperinflationary Episodes in the Democratic Republic of the Congo," Economics Bulletin, AccessEcon, vol. 15(19), pages 1-10.

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