Question: Estimate the hyperinflation model for Hungary and Germany using the data in Tables 10.1 and 10.2 and assuming the following. (a) Naive expectations Pr. =

Estimate the hyperinflation model for Hungary and Germany using the data in Tables 10.1 and 10.2 and assuming the following.

(a) Naive expectations Pr. = Pr.

(b) Adaptive expectations.

(c) Rational expectations.

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