Recurrent hyperinflations and learning

Este Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001

Detalles Bibliográficos
Autores principales: Marcet, Albert, Nicolini, Juan Pablo
Formato: Documento de trabajo publishedVersion
Lenguaje:Inglés
Publicado: Universidad Torcuato Di Tella 2024
Materias:
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/12954
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id I57-R163-20.500.13098-12954
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spelling I57-R163-20.500.13098-129542024-11-28T11:41:30Z Recurrent hyperinflations and learning Marcet, Albert Nicolini, Juan Pablo Inflación Inflation Modelo económico Economic Models Investigación económica Economic research Hiperinflación Hyperinflation Este Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001 This paper uses a model of boundedly rational learning to account for the observations of recurrent hyperinflations in the last decade. We show that, in a standard monetary model when the full rational expectations assumption is replaced by a pseudo rational learning, the model replicates some stylized facts observed during the recurrent hyperinflations observed in some countries in the 80's much better than pre-existing models. We argue that this departure of rational expectations does not preclude falsifiability of the model and it does not violate reasonable rationality requirements. Este Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001 2024-08-08T15:16:37Z 2024-08-08T15:16:37Z 1996-01 info:eu-repo/semantics/workingPaper info:eu-repo/semantics/publishedVersion https://repositorio.utdt.edu/handle/20.500.13098/12954 eng Working Papers (ISSN 0327-9588) info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-sa/2.5/ar/ 46 p. application/pdf application/pdf Universidad Torcuato Di Tella
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Inflación
Inflation
Modelo económico
Economic Models
Investigación económica
Economic research
Hiperinflación
Hyperinflation
spellingShingle Inflación
Inflation
Modelo económico
Economic Models
Investigación económica
Economic research
Hiperinflación
Hyperinflation
Marcet, Albert
Nicolini, Juan Pablo
Recurrent hyperinflations and learning
topic_facet Inflación
Inflation
Modelo económico
Economic Models
Investigación económica
Economic research
Hiperinflación
Hyperinflation
description Este Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001
format Documento de trabajo
publishedVersion
author Marcet, Albert
Nicolini, Juan Pablo
author_facet Marcet, Albert
Nicolini, Juan Pablo
author_sort Marcet, Albert
title Recurrent hyperinflations and learning
title_short Recurrent hyperinflations and learning
title_full Recurrent hyperinflations and learning
title_fullStr Recurrent hyperinflations and learning
title_full_unstemmed Recurrent hyperinflations and learning
title_sort recurrent hyperinflations and learning
publisher Universidad Torcuato Di Tella
publishDate 2024
url https://repositorio.utdt.edu/handle/20.500.13098/12954
work_keys_str_mv AT marcetalbert recurrenthyperinflationsandlearning
AT nicolinijuanpablo recurrenthyperinflationsandlearning
_version_ 1823894465270513664