The form of money demand function and the welfare costs of inflation

C-Tier
Journal: Applied Economics
Year: 2012
Volume: 44
Issue: 9
Pages: 1091-1092

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this article we show that the marginal welfare costs of inflationary is progressively larger with the inflation rate in Bailey's formulation, but under Baumol--Tobin treatment the opposite applies.

Technical Details

RePEc Handle
repec:taf:applec:44:y:2012:i:9:p:1091-1092
Journal Field
General
Author Count
2
Added to Database
2026-01-29