Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
Autor(a) principal: | |
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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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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 |
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publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/12161 |
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http://hdl.handle.net/10438/12161 |
dc.language.iso.fl_str_mv |
eng |
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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) instacron:FGV |
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FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
collection |
Repositório Institucional do FGV (FGV Repositório Digital) |
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