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Empirical Strategy

  • Tara McIndoe-CalderEmail author
  • Tara Bedi
  • Rogelio Mercado
Chapter

Abstract

This chapter describes the empirical approach used to test two possible explanations for the emergence of hyperinflation in Zimbabwe. This involves constructing a price index, estimating a long-run money demand function, testing for the exogeneity of prices and calculating the seigniorage-maximising level of inflation for Zimbabwe.

Keywords

Hyperinflation Money demand ARDL Inflationary pressures Monetary stabilisation programmes 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tara McIndoe-Calder
    • 1
    Email author
  • Tara Bedi
    • 2
  • Rogelio Mercado
    • 3
  1. 1.Central Bank of IrelandDublinIreland
  2. 2.Economics DepartmentTrinity College DublinDublinIreland
  3. 3.The South East Asian Central Banks Research and Training CentreKuala LumpurMalaysia

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