Speculative Hyperinflations: when Can We Rule Them Out?
نویسندگان
چکیده
منابع مشابه
Ruling out speculative hyperinflations The role of the government
In this paper we show that if the government can levy taxes to back the currency, speculative hyperinflations are ruled out as equilibrium outcomes. This is so even though convertibility is never observed in equilibrium. The only observational difference between a pure fiat money economy and a convertible economy as the one described in this paper is the potential of the former to exhibit specu...
متن کاملWe can train them, but how can we retain them?
To the Editor: The Department of Surgery at the Nelson R Mandela School of Medicine is proud of its 100% pass rate in the October 2008 Colleges of Medicine of South Africa examinations held in Durban. Most candidates attended the graduation and joined the 3 who passed in May as registered specialists in general surgery. This represents a stalwart effort on the part of the candidates and their t...
متن کاملBubbles , Can We Spot Them ? Crashes , Can We Predict Them ?
Johansen and Sornette proposes that the crash has fundamentally an endogenous origin and exogenous shocks only serve as triggering factors. This endogenous force is shown in price as power law log-periodicity (PLLP) signature prior to a crash. We estimate the highly nonlinear model developed by them using a hybrid approach which combines scatter search, genetic adaptor and tabu search. The mode...
متن کاملCan we really rule out the existence of antistars?
The existence of large domains of antimatter is still an open question. Some space mission and experiments in the near future are expected to give reasonable answer to that question. Meanwhile, we can try to search for other signatures of the presence of antimatter. This paper presents a discussion about possible effects of the close encounter of stars and antistars. It is known that the accret...
متن کاملBurst Remnants : How can we find them ?
By now there is substantial evidence that Gamma-Ray Bursts (GRBs) originate at cosmological distances from very powerful explosions. The interaction between a GRB and its surrounding environment has dramatic consequences on the environment itself. At early times, the strong X-ray UV afterglow flux photoionizes the medium on distance scales on the order of 100 pc [7], destroys dust [10], creates...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.901152