A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE

Detalhes bibliográficos
Autor(a) principal: Gomes, Carlos Eduardo
Data de Publicação: 2021
Outros Autores: Ambrosio Dias, Maria Helena
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Economic Analysis of law Review
Texto Completo: https://portalrevistas.ucb.br/index.php/EALR/article/view/10593
Resumo: This is a revised version of DIAS (1993) on the implications of inflation for the social-welfare of the Brazilian economy. The theoretical model is the same with improvements in its estimations. We have a new data set that was able to correct some measurement errors we found in the earlier version. The analysis here is concerned with the welfare loss overall society has due to high inflation rates. The main focus of analysis start with the measurement of seigniorage. What happens to seigniorage at high inflation rates, and why might governments be tempted to over-inflate? The model presents a utility function with leisure depending on real money balances and consumption. The theoretical propositions are useful to study economies with high inflation rates.
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spelling A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISUREBrazilian economy Welfare costs of inflation and seigniorage LeisureThis is a revised version of DIAS (1993) on the implications of inflation for the social-welfare of the Brazilian economy. The theoretical model is the same with improvements in its estimations. We have a new data set that was able to correct some measurement errors we found in the earlier version. The analysis here is concerned with the welfare loss overall society has due to high inflation rates. The main focus of analysis start with the measurement of seigniorage. What happens to seigniorage at high inflation rates, and why might governments be tempted to over-inflate? The model presents a utility function with leisure depending on real money balances and consumption. The theoretical propositions are useful to study economies with high inflation rates.Universidade Católica de Brasília2021-09-13info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionAvaliado por Pares; Peer Reviewedapplication/pdfhttps://portalrevistas.ucb.br/index.php/EALR/article/view/1059310.31501/ealr.v12i2.10593Economic Analysis of Law Review; Vol. 12 No. 2 (2021): Economic Analysis of Law Review; 24-40Economic Analysis of Law Review ; Vol. 12 Núm. 2 (2021): Economic Analysis of Law Review; 24-40Economic Analysis of Law Review; v. 12 n. 2 (2021): Economic Analysis of Law Review; 24-402178-0587reponame:Economic Analysis of law Reviewinstname:Universidade Católica de Brasília (UCB)instacron:UCBenghttps://portalrevistas.ucb.br/index.php/EALR/article/view/10593/7525Copyright (c) 2021 Economic Analysis of Law Reviewinfo:eu-repo/semantics/openAccessGomes, Carlos EduardoAmbrosio Dias, Maria Helena2021-09-13T22:59:37Zoai:ojs.portalrevistas.ucb.br:article/10593Revistahttps://portalrevistas.ucb.br/index.php/ealrONGhttps://portalrevistas.ucb.br/index.php/EALR/oaieditor.ealr@gmail.com||sdi@ucb.br||benjaminm.tabak@gmail.com2178-05872178-0587opendoar:2021-09-13T22:59:37Economic Analysis of law Review - Universidade Católica de Brasília (UCB)false
dc.title.none.fl_str_mv A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
title A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
spellingShingle A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
Gomes, Carlos Eduardo
Brazilian economy
Welfare costs of inflation and seigniorage
Leisure
title_short A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
title_full A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
title_fullStr A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
title_full_unstemmed A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
title_sort A REVISION ON THE WELFARE COSTS OF INFLATION AND SEIGNIORAGE IN BRAZIL: A MODEL WITH LEISURE
author Gomes, Carlos Eduardo
author_facet Gomes, Carlos Eduardo
Ambrosio Dias, Maria Helena
author_role author
author2 Ambrosio Dias, Maria Helena
author2_role author
dc.contributor.author.fl_str_mv Gomes, Carlos Eduardo
Ambrosio Dias, Maria Helena
dc.subject.por.fl_str_mv Brazilian economy
Welfare costs of inflation and seigniorage
Leisure
topic Brazilian economy
Welfare costs of inflation and seigniorage
Leisure
description This is a revised version of DIAS (1993) on the implications of inflation for the social-welfare of the Brazilian economy. The theoretical model is the same with improvements in its estimations. We have a new data set that was able to correct some measurement errors we found in the earlier version. The analysis here is concerned with the welfare loss overall society has due to high inflation rates. The main focus of analysis start with the measurement of seigniorage. What happens to seigniorage at high inflation rates, and why might governments be tempted to over-inflate? The model presents a utility function with leisure depending on real money balances and consumption. The theoretical propositions are useful to study economies with high inflation rates.
publishDate 2021
dc.date.none.fl_str_mv 2021-09-13
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Avaliado por Pares; Peer Reviewed
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://portalrevistas.ucb.br/index.php/EALR/article/view/10593
10.31501/ealr.v12i2.10593
url https://portalrevistas.ucb.br/index.php/EALR/article/view/10593
identifier_str_mv 10.31501/ealr.v12i2.10593
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://portalrevistas.ucb.br/index.php/EALR/article/view/10593/7525
dc.rights.driver.fl_str_mv Copyright (c) 2021 Economic Analysis of Law Review
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Economic Analysis of Law Review
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade Católica de Brasília
publisher.none.fl_str_mv Universidade Católica de Brasília
dc.source.none.fl_str_mv Economic Analysis of Law Review; Vol. 12 No. 2 (2021): Economic Analysis of Law Review; 24-40
Economic Analysis of Law Review ; Vol. 12 Núm. 2 (2021): Economic Analysis of Law Review; 24-40
Economic Analysis of Law Review; v. 12 n. 2 (2021): Economic Analysis of Law Review; 24-40
2178-0587
reponame:Economic Analysis of law Review
instname:Universidade Católica de Brasília (UCB)
instacron:UCB
instname_str Universidade Católica de Brasília (UCB)
instacron_str UCB
institution UCB
reponame_str Economic Analysis of law Review
collection Economic Analysis of law Review
repository.name.fl_str_mv Economic Analysis of law Review - Universidade Católica de Brasília (UCB)
repository.mail.fl_str_mv editor.ealr@gmail.com||sdi@ucb.br||benjaminm.tabak@gmail.com
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