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Inflation in Medieval China

Richard Vale digs into a dataset:

In this post, I would like to draw attention to a very interesting data set collected by Guan, Palma and Wu as part of the replication package for their paper The rise and fall of paper money in Yuan China, 1260-1368. The paper describes inflation, money and prices during the Yuan Dynasty era in China.

First, a little historical background.

Read on for the analysis. H/T R-Bloggers.

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