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...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1998.
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| coleção: | IMF Working Papers; Working Paper ;
No. 1998/111 |
| Acesso em linha: | Full text available on IMF |