Related Books
Language: en
Pages: 36
Pages: 36
Type: BOOK - Published: 2012-07-01 - Publisher: International Monetary Fund
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neare
Language: en
Pages: 34
Pages: 34
Type: BOOK - Published: 1991-01-01 - Publisher: International Monetary Fund
This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of in
Language: en
Pages: 432
Pages: 432
Type: BOOK - Published: 1998 - Publisher: University of Michigan Press
A seminal reference and analysis of wages and costs in Athens
Language: en
Pages: 22
Pages: 22
Type: BOOK - Published: 1998-08-01 - Publisher: International Monetary Fund
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
Language: en
Pages:
Pages:
Type: BOOK - Published: 2019 - Publisher:
We estimate the welfare costs of inflation originating from lack of liquidity satiation - as in Bailey (1956), Friedman (1969), Lucas (2000), and Ireland (2009)