The n-dimensional Bailey–Divisia measure as a general-equilibrium measure of the welfare costs of inflation

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 113
Issue: 2
Pages: 99-102

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

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

Abstract

This paper shows that in economies with several monies the Bailey–Divisia multidimensional consumers’ surplus formula may emerge as an exact general-equilibrium measure of the welfare costs of inflation, provided that preferences are quasilinear.

Technical Details

RePEc Handle
repec:eee:ecolet:v:113:y:2011:i:2:p:99-102
Journal Field
General
Author Count
1
Added to Database
2026-01-25