Welfare costs of inflation: the case for interest-bearing money and empirical 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/10438/775
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 ao economy with interest-bearing money, once again presenting a better appoximation than the one given by Bailey's approach. Fmally, empirical estimates for Brazil are presented.
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spelling Simonsen, Mario HenriqueCysne, Rubens PenhaEscolas::EPGEFGV2008-05-13T15:33:49Z2008-05-13T15:33:49Z1994-070104-8910http://hdl.handle.net/10438/775We 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 ao economy with interest-bearing money, once again presenting a better appoximation than the one given by Bailey's approach. Fmally, empirical estimates for Brazil are presented.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;245Todo 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/openAccessNear-moneyWelfare costInflationEconomiaInflação - BrasilEconomiaWelfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazilinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000061753.pdf000061753.pdfapplication/pdf784758https://repositorio.fgv.br/bitstreams/e8cecf2a-24a8-463d-a300-fe13ddf1efcc/downloadf0a3fa776a15f5cc74a3c28c020cac86MD51TEXT000061753.pdf.txt000061753.pdf.txtExtracted texttext/plain39002https://repositorio.fgv.br/bitstreams/acdba1e7-50a1-4202-86bd-2313b481a9b8/downloadf33176f2c422c71fdbb46d050277b96fMD56THUMBNAIL000061753.pdf.jpg000061753.pdf.jpgGenerated Thumbnailimage/jpeg2299https://repositorio.fgv.br/bitstreams/d36afb3b-c9ad-44d9-b77e-d2b6a70a98c0/download7adfbe6bb0e7f0b58354facac7c83f27MD5710438/7752023-11-09 20:55:07.71open.accessoai:repositorio.fgv.br:10438/775https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T20:55:07Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
title Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
spellingShingle Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
Simonsen, Mario Henrique
Near-money
Welfare cost
Inflation
Economia
Inflação - Brasil
Economia
title_short Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
title_full Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
title_fullStr Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
title_full_unstemmed Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil
title_sort Welfare costs of inflation: the case for interest-bearing money and empirical 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.eng.fl_str_mv Near-money
Welfare cost
topic Near-money
Welfare cost
Inflation
Economia
Inflação - Brasil
Economia
dc.subject.por.fl_str_mv Inflation
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Inflação - Brasil
Economia
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 ao economy with interest-bearing money, once again presenting a better appoximation than the one given by Bailey's approach. Fmally, empirical estimates for Brazil are presented.
publishDate 1994
dc.date.issued.fl_str_mv 1994-07
dc.date.accessioned.fl_str_mv 2008-05-13T15:33:49Z
dc.date.available.fl_str_mv 2008-05-13T15:33:49Z
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dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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identifier_str_mv 0104-8910
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dc.language.iso.fl_str_mv eng
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dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;245
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
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