Welfare Cost of (Low) Inflation : A General Equilibrium Perspective /
This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low level to close to price stability, using an overlapping-generations growth model. Money demand is modeled on the basis that real money balances are a factor of production. Assuming a...
| מחבר ראשי: | |
|---|---|
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 1998/111 |
| גישה מקוונת: | Full text available on IMF |