Welfare costs of inflation and interest-bearing money

被引：16

作者：

Simonsen, MH

Cysne, RP

机构：

来源：

JOURNAL OF MONEY CREDIT AND BANKING | 2001年 / 33卷 / 01期

关键词：

D O I：

10.2307/2673873

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This work extends the Lucas' analysis of the welfare cost of inflation to an economy with interest-bearing deposits. Lower and upper bounds to Lucas' measure of the welfare cost of inflation are also provided. The upper bound is shown to lie between Lucas' measure of the welfare cost of inflation and the area under the money-demand curve.

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页码：90 / 100

页数：11

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