Question: Estimate the hyperinflation model for Hungary and Germany using the data in Tables 13.1 and 13.2 and assuming the following: (a) Naive expectations PP. (b)

Estimate the hyperinflation model for Hungary and Germany using the data in Tables 13.1 and 13.2 and assuming the following:

(a) Naive expectations PP.

(b) Adaptive expectations.

(c) Rational expectations.

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