THE WELFARE COST OF INFLATION IN OECD COUNTRIES
نویسندگان
چکیده
منابع مشابه
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The purpose of this paper is to estimate the welfare cost of inflation in Iran. We first use the long-horizon regression approach developed by Fisher and Seater (1993) to obtain an estimate of the inflation rate elasticity of money demand and then the Baily’s consumer surplus approach to calculate the welfare cost function. The results show that reducing inflation rate from 40% to 0% increases ...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2011
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100510000507