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Disagreement as a Measure of Uncertainty
This paper presents evidence from the Livingston survey of inflation forecasts that forecaster disagreement provides a useful measure of forecast uncertainty. The evidence is analogous to theExpand
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Inflation and Relative Price Variability: Parks' Study Reexamined
The authors show that Richard W. Parks' (1978) widely cited evidence on the correlation between the rate of inflation and the variability of relative prices in the United States during 1948-75Expand
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Interest Rates, Uncertainty and the Livingston Data
The observed relationship between the standard deviation of forecasts and past forecast errors as found in the Livingston survey suggests the interpretation of the standard deviation as a measure ofExpand
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Income, Wealth, and Household Demand for Deposits
Theories of the demand for money typically predict that the quantity of money demanded will increase when: (a) the rate of return paid on money (if any) increases, (b) the rates of return paid onExpand
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Disagreement and Uncertainty: A Reply to Richa and Butler
1. The Issues The objective in Bomberger (1996) was an assessment of the common practice of using the Livingston disagreement measure, s, as a proxy for uncertainty about future inflation at the timeExpand
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The Demand for Money, the "Reform Effect," and the Money Supply Process in Hyperinflations: The Evidence from Greece and Hungary II Reexamined
Newly uncovered data on money and prices in Greece and Hungary duri ng their hyperinflations are used to reestimate the Cagan money demand equation and to repeat the Sargent and Wallace causalityExpand
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The Hungarian Hyperinflation and Stabilization of 1945-1946
Inflation in Hungary after World War II was the most intense on record. The reforms of August 1946 were immediately and entirely successful in stabilizing prices. This paper describes and analyzesExpand
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Indexation, Inflationary Finance, and Hyperinflation: The 1945-1946 Hungarian Experience
This article examines the effects of an experiment in the indexation of bank deposits in Hungary during 1946. It is argued that this experiment reduced substantially the tax base against which theExpand
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Money Demand in Open Economies: Alternative Specifications
Gross national product, net national product and national income include the value of domestically produced goods and services, including exports, and exclude the value of analogous imported goodsExpand
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