Browsing FGV EPGE - Ensaios Econômicos by Title "An ordering of measures of the welfare cost of inflation in economies with interest-bearing deposits"

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An ordering of measures of the welfare cost of inflation in economies with interest-bearing deposits

Cysne, Rubens Penha; Turchick, David
2007-12-01

This 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. ...