BIBLIOTECA MANUEL BELGRANO - Facultad de Ciencias Económicas - UNC

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The welfare effects of inflation : a cost-benefit perspective / Karl-Heinz Tödter, Bernhard Manzke.

Por: Colaborador(es): Tipo de material: TextoTextoSeries Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; no. 33/2007Detalles de publicación: Frankfurt am Main : Deutsche Bundesbank, 2007Descripción: 64 pISBN:
  • 9783865583659
Tema(s): Clasificación CDD:
  • 21 332.41
Recursos en línea: Resumen: 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.
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Tipo de ítem Biblioteca actual Signatura Estado Fecha de vencimiento Código de barras
Libro Libro Biblioteca Manuel Belgrano 332.41 T 53078 (Navegar estantería(Abre debajo)) Disponible 53078

Bibliografía: p. 47-52.

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.

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