Browsing FGV EPGE - Ensaios Econômicos by Title "Welfare costs of inflation when interest-bearing deposits are disregarded: a calculation of the bias"

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Welfare costs of inflation when interest-bearing deposits are disregarded: a calculation of the bias

Cysne, Rubens Penha; Turchick, David
2010-01-07

Most 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 ...