Browsing FGV EPGE - Ensaios Econômicos by Author "Turchick, David"
Now showing items 1-4 of 4
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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 ... -
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 ...
