Browsing FGV EPGE - Ensaios Econômicos by Title "The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation"

Now showing items 1-1 of 1

The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation

Cysne, Rubens Penha
2011-07-26

This paper shows that in economies with several monies the Bailey-Divisia multidimensional consumers surplus formula may emerge as an exact general-equilibrium measure of the welfare costs of in ation, provided that ...