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    • Bailey's rule for the welfare of inflation: a theoretical foundation 

      Pessôa, Samuel de Abreu (Escola de Pós-Graduação em Economia da FGV, 1999-12-01)
      This paper demonstrates that for a very general class of monetary models (the Sidrauski type models and the cash-in-advance models), Bailey’s rule to evaluate the welfare efect of infation is in deed accurate. The result ...