Browsing FGV EPGE - Seminários de Pesquisa Econômica by Author "Yoshino, Joe A."

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Money & banking regulation the welfare costs of inflation

Yoshino, Joe A.
1993-09-10
A restatement of the welafare costs of inflation. The wast of scarce resources in the manufacturing , banking and household sectors

Yoshino, Joe A.
2001-05-31

Lucas (2000) estimates that the US welfare costs of inflation are around 1% of GDP. This measurement is consistent with a speci…c distorting channel in terms of the Bailey triangle under the demand for monetary base schedule ...