Browsing by Author "Turchick, David"
Now showing items 1-10 of 10
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Assorted topics in monetary economics
2010-09-24This thesis collects four papers on monetary economics written under the supervision of Professor Rubens Penha Cysne. The first of these papers assesses the bias occuring in welfare-cost-of-inflation measures due to failing ... -
Equilibrium unemployment-inequality correlation
2012-06A vast empirical literature implies that increases in unemployment have an aggravating impact on income inequality, whence international and intertemporal inequality comparisons might be sometimes biased. We show how ... -
Intellectual property rights protection and endogenous economic growth revisited
2010-11-07An analytical solution to the lab-equipment growth model (Rivera-Batiz and Romer,1991) with an exogenous imitation rate is presented and applied to study the policy tradeoff between weaker levels of intellectual property ... -
Measures of the welfare cost of inflation: a complete ordering
2007This paper presents three contributions to the literature on the welfare cost of ináation. First, it introduces a new sensible way of measuring this cost - that of a compensating variation in consumption or income, instead ... -
Money supply and capital accumulation on the transition path revisited
2010-02-22Fischer (1979) and Asako (1983) analyze the sign of the correlation between the growth rate of money and the rate of capital accumulation on the transition path. Both plug a CRRA utility (based on a Cobb-Douglas and a ... -
On the consistency of arbitrary money-demand functions with the Sidrauski and the shopping-time models
2008-01-01This paper investigates which properties money-demand functions have to satisfy to be consistent with multidimensional extensions of Lucasí(2000) versions of the Sidrauski (1967) and the shopping-time models. We also ... -
On the integrability of money-demand functions by the Sidrauski and the shopping-time models
2009-09This paper investigates which properties money-demand functions must satisfy so that they are consistent with Lucas's [Lucas Jr., R.E., 2000. Inflation and welfare. Econometrica 68, 247-274] versions of the Sidrauski and ... -
On the integrability of money-demand functions by the sidrauski and the shopping-time models
2009-01-08This paper investigates which properties money-demand functions must satisfy so that they are consistent with Lucasís [Lucas, R.E., Jr., 2000. Ináation and welfare. Econometrica 68, 247-274] versions of the Sidrauski and ... -
An ordering of measures of the welfare cost of inflation in economies with interest-bearing deposits
2007-12-01This paper builds on Lucas (2000) and on Cysne (2003) to derive and order six alternative measures of the welfare costs of inflation (five of which already existing in the literature) for any vector of opportunity costs. ... -
Welfare costs of inflation when interest-bearing deposits are disregarded: a calculation of the bias
2010-01-07Most estimates of the welfare costs of in ation are devised considering only noninterest- bearing assets, ignoring that since the 80s technological innovations and new regulations have increased the liquidity of interest-bearing ...
