WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil

Detalhes bibliográficos
Autor(a) principal: Simonsen, Mario Henrique
Data de Publicação: 1994
Outros Autores: Cysne, Rubens Penha
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12342
Resumo: We provide in this paper a closed fonn for the Welfare Cost of Inflation which we prove to be closer than Bailey's expression to the correct solution of the corresponding non-separable differential equation. Next, we extend this approach to an economy with interest-bearing money, once again presenting a better appoximation than the one given by Bailey's approach. Finally, empirical estimates for Brazil are presented.
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spelling Simonsen, Mario HenriqueCysne, Rubens PenhaEscolas::EPGEFGV2014-11-07T11:18:24Z2014-11-07T11:18:24Z1994-09-22http://hdl.handle.net/10438/12342We provide in this paper a closed fonn for the Welfare Cost of Inflation which we prove to be closer than Bailey's expression to the correct solution of the corresponding non-separable differential equation. Next, we extend this approach to an economy with interest-bearing money, once again presenting a better appoximation than the one given by Bailey's approach. Finally, empirical estimates for Brazil are presented.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/openAccessInflation, Near-Money, Welfare Cost.EconomiaInflação - BrasilWeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazilinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000083581.pdf000083581.pdfapplication/pdf672263https://repositorio.fgv.br/bitstreams/b654cfab-db1b-4da6-82ed-6ce39c01c2bf/downloadd6de66d8fa8f236959032071428e8aa8MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
title WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
spellingShingle WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
Simonsen, Mario Henrique
Inflation, Near-Money, Welfare Cost.
Economia
Inflação - Brasil
title_short WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
title_full WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
title_fullStr WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
title_full_unstemmed WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
title_sort WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
author Simonsen, Mario Henrique
author_facet Simonsen, Mario Henrique
Cysne, Rubens Penha
author_role author
author2 Cysne, Rubens Penha
author2_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 Simonsen, Mario Henrique
Cysne, Rubens Penha
dc.subject.por.fl_str_mv Inflation, Near-Money, Welfare Cost.
topic Inflation, Near-Money, Welfare Cost.
Economia
Inflação - Brasil
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Inflação - Brasil
description We provide in this paper a closed fonn for the Welfare Cost of Inflation which we prove to be closer than Bailey's expression to the correct solution of the corresponding non-separable differential equation. Next, we extend this approach to an economy with interest-bearing money, once again presenting a better appoximation than the one given by Bailey's approach. Finally, empirical estimates for Brazil are presented.
publishDate 1994
dc.date.issued.fl_str_mv 1994-09-22
dc.date.accessioned.fl_str_mv 2014-11-07T11:18:24Z
dc.date.available.fl_str_mv 2014-11-07T11:18:24Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12342
url http://hdl.handle.net/10438/12342
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
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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)
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collection Repositório Institucional do FGV (FGV Repositório Digital)
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