Author: Clark A. BurdickPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 56
Book Description
A Transitional Analysis of the Welfare Cost of Inflation
Author: Clark A. BurdickPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 56
Book Description
Transitional Dynamics in a Monetary Economy
Author: Clark Alan Burdick˜Theœ Demand for Money, Financial Innovation and the Welfare Cost of Inflation
Author: Orazio P. AttanasioOn the Welfare Cost of Inflation
Author: Robert E. Lucas (Jr)Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 54
Book Description
Inflation
Author: John FenderPublisher:
ISBN: 9780472094530
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Provides both an original analysis of the costs, causes, and consequences of inflation and a clear, informed review of our present knowledge.
The Welfare Effects of Inflation
Author: Karl-Heinz TödterPublisher:
ISBN:
Category :
Languages : en
Pages : 72
Book Description
This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth effects of inflation as well as welfare effects of unanticipated inflation and of inflation uncertainty are also addressed. To assess the policy question whether inflation should be reduced or eliminated, the costs of disinflation play a role. Finally, the trade-off between the benefits of reducing inflation and the costs of disinflation is discussed and an overall assessment of the net welfare effects of achieving price stability is provided.
The Welfare Effects of Inflation
Author: Karl-Heinz TödterPublisher:
ISBN: 9783865583659
Category :
Languages : de
Pages : 64
Book Description
This paper reviews theory and evidence of the welfare effects of inflation from a cost benefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth effects of inflation as well as welfare effects of unanticipated inflation and of inflation uncertainty are also addressed. To assess the policy question whether inflation should be reduced or eliminated, the costs of disinflation play a role. Finally, the trade-off between the benefits of reducing inflation and the costs of disinflation is discussed and an overall assessment of the net welfare effects of achieving price stability is provided.
Monetary Theory as a Basis for Monetary Policy
Author: A. LeijonhufvudPublisher: Springer
ISBN: 1403939616
Category : Business & Economics
Languages : en
Pages : 285
Book Description
Since the inflationary 1970s, theoretical work on monetary policy has concentrated almost exclusively on price-level stabilization and the avoidance of nominal shocks. In the aftermath of the collapse of financial bubbles in various parts of the world, the accomplishments and limitations of this dominant approach are debated in this volume edited by Axel Leijonhufvud, with contributions by a number of noted monetary economists, including Nobel Laureate Robert Lucas.
Collected Papers on Monetary Theory
Author: Robert E. Lucas, Jr.Publisher: Harvard University Press
ISBN: 0674067851
Category : Business & Economics
Languages : en
Pages : 569
Book Description
One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972–2007, cover core monetary theory and public finance, asset pricing, and the real effects of monetary instability.
Monetary Policy in Low-Inflation Economies
Author: David E. AltigPublisher: Cambridge University Press
ISBN: 0521848504
Category : Business & Economics
Languages : en
Pages : 352
Book Description
The essays in this volume investigate the challenges of transitioning to lower levels of inflation and conducting monetary policy in low-inflation economies. The essays make both theoretical and empirical contributions.