Bailey's measure of the welfare costs of infiation as a general-equilibrium measure

Detalhes bibliográficos
Autor(a) principal: Cysne, Rubens Penha
Data de Publicação: 2007
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12161
Resumo: Lucas (2000) has ShO\nl t hat Baile,\''s formula for t hc \\'elfare costs of inflatioIl caIl bc rcgardpd as an approximation to t hc gcneral-equilibriuIll IllCaSllH'S \\'hich emerge from thc Sidrauski anrl the shopping-time models, In this paper \\'c shm\' that Baile~'s mcaSllrc can bc cxactly obtairlf'd in tllf' Siclrauski geIleral-equilibri1lIn framp\\'ork under the assUIllption of quasilinpar prefpreIlC'cs, The rpslllt. based on ',heter or not \\'Palt h pffpcts are incorporatccl into t hp analysis, is also helpful in darif\'ing \\'hy Lucas' Illeasurp clerin'd from the Siclrauski model turns 01lt to be aIl upper bOllIlcl to Bailp~'s, T,,'o eXaInplcs arp used to illustratc t he main C'ondusions,
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spelling Cysne, Rubens PenhaEscolas::EPGEFGV2014-10-20T13:48:35Z2014-10-20T13:48:35Z2007-11-22http://hdl.handle.net/10438/12161Lucas (2000) has ShO\nl t hat Baile,\''s formula for t hc \\'elfare costs of inflatioIl caIl bc rcgardpd as an approximation to t hc gcneral-equilibriuIll IllCaSllH'S \\'hich emerge from thc Sidrauski anrl the shopping-time models, In this paper \\'c shm\' that Baile~'s mcaSllrc can bc cxactly obtairlf'd in tllf' Siclrauski geIleral-equilibri1lIn framp\\'ork under the assUIllption of quasilinpar prefpreIlC'cs, The rpslllt. based on ',heter or not \\'Palt h pffpcts are incorporatccl into t hp analysis, is also helpful in darif\'ing \\'hy Lucas' Illeasurp clerin'd from the Siclrauski model turns 01lt to be aIl upper bOllIlcl to Bailp~'s, T,,'o eXaInplcs arp used to illustratc t he main C'ondusions,engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessBailey's measure of the welfare costs of infiation as a general-equilibrium measureinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaInflaçãoreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL1414159.pdf1414159.pdfapplication/pdf323135https://repositorio.fgv.br/bitstreams/03a4a7e5-6755-47c1-9970-a6c61511510b/download82ad01b3b32295c624964ee4a2b15989MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/9c0f3ba9-597f-41b1-87c0-2f4173ada8bf/downloaddfb340242cced38a6cca06c627998fa1MD52TEXT1414159.pdf.txt1414159.pdf.txtExtracted 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dc.title.eng.fl_str_mv Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
title Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
spellingShingle Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
Cysne, Rubens Penha
Economia
Inflação
title_short Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
title_full Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
title_fullStr Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
title_full_unstemmed Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
title_sort Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
author Cysne, Rubens Penha
author_facet Cysne, Rubens Penha
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Cysne, Rubens Penha
dc.subject.area.por.fl_str_mv Economia
topic Economia
Inflação
dc.subject.bibliodata.por.fl_str_mv Inflação
description Lucas (2000) has ShO\nl t hat Baile,\''s formula for t hc \\'elfare costs of inflatioIl caIl bc rcgardpd as an approximation to t hc gcneral-equilibriuIll IllCaSllH'S \\'hich emerge from thc Sidrauski anrl the shopping-time models, In this paper \\'c shm\' that Baile~'s mcaSllrc can bc cxactly obtairlf'd in tllf' Siclrauski geIleral-equilibri1lIn framp\\'ork under the assUIllption of quasilinpar prefpreIlC'cs, The rpslllt. based on ',heter or not \\'Palt h pffpcts are incorporatccl into t hp analysis, is also helpful in darif\'ing \\'hy Lucas' Illeasurp clerin'd from the Siclrauski model turns 01lt to be aIl upper bOllIlcl to Bailp~'s, T,,'o eXaInplcs arp used to illustratc t he main C'ondusions,
publishDate 2007
dc.date.issued.fl_str_mv 2007-11-22
dc.date.accessioned.fl_str_mv 2014-10-20T13:48:35Z
dc.date.available.fl_str_mv 2014-10-20T13:48:35Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12161
url http://hdl.handle.net/10438/12161
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Seminários de pesquisa econômica da EPGE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
instname:Fundação Getulio Vargas (FGV)
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instname_str Fundação Getulio Vargas (FGV)
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institution FGV
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collection Repositório Institucional do FGV (FGV Repositório Digital)
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