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Latin American Inflation (Sargent, Williams and Zha)
out 7, 2008, 10:49 AM 0
The conquest of South American inflation by Thomas Sargent, Noah Williams and Tao Zha. “This paper formulates a nonlinear stochastic model of inflation, inflationary ex-pectations, and money-creation-financed deficits and uses the implied density for the history of inflation to…