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    • Competitive equilibrium hyperinflation under rational expectations 

      Sallum, Elvia Mureb; Barbosa, Fernando de Holanda; Cunha, Alexandre Barros da
      2005-01-01
      This paper shows that a competitive equilibrium model, where a representative agent maximizes welfare, expectations are rational and markets are in equilibrium can account for several hyperinflation stylized facts. The ...