Browsing FGV EPGE - Ensaios Econômicos by Subject "Inflação"
Now showing items 1-20 of 31
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Bailey's measure of the welfare costs of inflation as a general-equilibrium measure
2017Lucas (2000) has shown that Bailey’s formula for the welfare costs of inflation can be regarded as an approximation to the general-equilibrium measures that emerge from the Sidrauski and the shopping-time models. In this ... -
Competitive equilibrium hyperinflation under rational expectations
2005-01-01This paper shows that a competitive equilibrium model, where a representative agent maximizes welfare, expectations are rational and markets are in equilibrium can account for several hyperinflation stylized facts. The ... -
Contradição aparente
1979 -
A dinâmica da hiperinflação
1991-01 -
Divisia indexes, money and welfare
2000-07-01We suggest the use of a particular Divisia index for measuring welfare losses due to interest rate wedges and in‡ation. Compared to the existing options in the literature: i) when the demands for the monetary assets are ... -
Endogenous time-dependent rules and inflation inertia: preliminary version
1999-06When policy rules are changed, the effect of nominal rigidities should be modelled through endogenous pricing rules. We endogenize Taylor (1979) type pricing rule to examine the output effects of monetary disinflations. ... -
Endogenous time-dependent rules and the costs of disinflation with imperfect credibility
2003-10-09This paper examines the output effects of monetary disinflation in a model with endogenous time-dependent pricing rules and imperfect credibility of the disinflation policy. We find that these features interact to generate ... -
A general-equilibrium closed-form solution to the welfare costs of inflation (Forthcoming, Revista Brasileira de Economia)
2004-08-01This work presents closed-form solutions to Lucasís (2000) generalequilibrium expression for the welfare costs of ináation, as well as to the di§erence between the general-equlibrium measure and Baileyís (1956) partial-equilibrium ... -
Hiperinflação: câmbio, moeda e âncoras nominais
1992-11-01 -
Hiperinflação: um arcabouço teórico
2001-01-01Este trabalho apresenta uma teoria da hiperinflação na qual não há necessidade de apelar-se para hipóteses casuísticas, como expectativas adaptativas, ajustamento parcial no mercado monetário ou profecias que se autorealizam. ... -
Hiperinflação: uma abordagem neoclássica
1996-12-01 -
Imposto Inflacionário e Transferências Inflacionárias no Mercosul e nos Estados Unidos
2004-11-01Este artigo apresenta as séries de imposto inflacionário (II), transferências ináacion·rias para os bancos comerciais (TI) e transferÍncias ináacion·rias totais (TIT=II+TI) para os paÌses do Mercosul e para os Estados ... -
Inflation and debt indexation: the equivalence of two alternative schemes for the case of periodic payments
1994-10The presence of inflation has induced the financial institutions to implement procedures devised to protect the real values of theirs loans. Two of such procedurcs, the floaaing rale scheme and the monetary correction ... -
Inflation and income inequality: A link through the job-search process
2004-08-01In this paper I devise a new channel by means of which the (empirically documented) positive correlation between ináation and income inequality can be understood. Available empirical evidence reveals that ináation increases ... -
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics)
2004-09-01Our work is based on a simpliÖed heterogenous-agent shoppingtime economy in which economic agents present distinct productivities in the production of the consumption good, and di§erentiated access to transacting assets. ... -
Inflation and overbanking
2000-04-01This paper argues that monetary models can and usually present the phenomenon of over-banking; that is, the market solution of the model presents a size of the banking sector which is higher than the social optima. Applying ...
