Browsing FGV EPGE - Seminários de Pesquisa Econômica by Subject "Inflação"
Now showing items 1-18 of 18
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Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
2007-11-22Lucas (2000) has ShO\nl t hat Baile,\''s formula for t hc \\'elfare costs of inflatioIl caIl bc rcgardpd as an approximation to t hc gcneral-equilibriuIll IllCaSllH'S \\'hich emerge from thc Sidrauski anrl the shopping-time ... -
The demand for money in high inflation processes
1994-12-01 -
Does monetary policy stabilize the exchange rate following a currency crisis?
1999-05-27This paper provides evidence on the relationship between monetary policy and the exchange rate in the aftermath of currency crises. It ana1yzes a large data set of currency crises in 80 countries in the period 1980 to 1998. ... -
Hiperinflação: um arcabouço teórico
2000-08-17 -
Imperfectly credible disinflation under endogenous time-dependent pricing
2005-09-08The real effects of an imperfectly credible disinflation depend critically on the extent of price rigidity. Therefore, the study of how policymakers’ credibility affects the outcome of an announced disinflation should not ... -
Inflation and occupational choices
2001-03This paper studies the impact of (high rates) of infiation on ocupational choices in a model where the demand for labor is derived from a production technology that uses capital, productive labor, and managerial services ... -
Measurements of income inequality: a critique. Inflation and income inequality: a link through the job- search process
2004-08-19In this paper I claim that, in a long-run perspective, measurements of income inequality, under any of the usual inequality measures used in the literature, are upward biased. The reason is that such measurements are ... -
Measuring core inflation as the common trend of prices
2000-10-26In recent years, many central banks have adopted inflation targeting policies starting an intense debate about which measure of inflation to adopt. The literature on core inflation has tried to develop indicators of inflation ... -
Monetary dynamics in a general equilibrium version of the Baumol-Tobin model
2004-08-26I study the welfare cost of inflation and the effect on prices after a permanent increase in the interest rate. In the steady state, the real money demand is homogeneous of degree one in income and its interest-rate ... -
On the optimality of the Friedman Rule with heterogeneous agents and non-linear income taxation
2003-02-11We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear income taxes. We first derive the general conditions needed for the optimality of the Friedman rule in this setup. These general ... -
Optimal-state-dependent rules, credibility, and inflationary inertia
1997-06-05This paper examines the output losses caused by disinflation and the role of credibility in a model where pricing mIes are optimal and individual prices are rigid. Individual nominal rigidity is modeled as resulting from ... -
Price behavior under search and inflation
1994-04-28 -
A restatement of the welafare costs of inflation. The wast of scarce resources in the manufacturing , banking and household sectors
2001-05-31Lucas (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 ... -
Sources of payments practices rigidity
1995-09-21This paper studies the joint determination of the wage payments period between firms and employees. The aggregate timeseries analysis reaches two conclusions: a) the average payments period keep an equilibrium relationship ... -
A theoretical connection between inflation and income inequality
2004-01-15This work investigates the effects of inflation on income distribution. We use a dynamic shopping-time model to show that a differentiated access to transacting technologies by poor and rich consumers is enough to generate ... -
Welfare cost of inflation considering adoption decisions and interest-bearing deposits
2007-10Attanasio et al. (JPE, 2002) have used microeconomic data on households to provide new estimates of the welfare costs of infiation using Bailey's unidimensional welfare measure as a basis for their calculations. Such a ...
