ON RELATIVE PRICE VARIABILITY AND HYPERINFLATION

被引：8
|
作者：
TANG, DP
WANG, P
机构：
[1] PENN STATE UNIV,DEPT ECON,601 KERN GRAD BLDG,UNIV PK,PA 16802
[2] FED RESERVE BANK DALLAS,RES DEPT,DALLAS,TX 75222
[3] HONG KONG UNIV SCI & TECHNOL,HONG KONG,HONG KONG
来源：
ECONOMICS LETTERS | 1993年 / 42卷 / 2-3期
关键词：
D O I：
10.1016/0165-1765(93)90063-I
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
During the Chinese hyperinflation (1946:1-1949:4), both anticipated and unanticipated inflation were found to influence relative price variability positively. The non-neutral effect of anticipated inflation rejects the conventional Lucas island model, while lending empirical support to the price adjustment-cost theory.
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页码：209 / 214
页数：6
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