On the Markov switching welfare cost of inflation
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2019.103748
Abstract: Abstract This paper uses the Markov switching approach to account for instabilities in the long-run money demand function and compute the welfare cost of inflation in the United States. In doing so, it circumvents the… read more here.
Keywords: money demand; markov switching; cost inflation; welfare cost ... See more keywords
The welfare cost of inflation revisited: The role of financial innovation and household heterogeneity
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DOI: 10.1016/j.jmoneco.2020.11.004
Abstract: Notre analyse demontre que le ratio monnaie-consommation augmente avec l’âge des menages et decroit avec la consommation, et que ce ratio a fortement augmente dans le contexte de tres bas taux d’interet des dernieres annees.… read more here.
Keywords: cost inflation; role financial; welfare cost; des effets ... See more keywords
The Welfare Cost of Beijing’s Lottery Policy: Evidence from a Contingent Valuation Survey
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DOI: 10.1017/bca.2023.9
Abstract: Motivated by traffic congestion and air pollution, Beijing is one of several major cities to restrict vehicle ownership by requiring residents to win a lottery for the right to obtain an additional car. We examine… read more here.
Keywords: beijing lottery; welfare cost; welfare; lottery ... See more keywords
On the Welfare Cost of Inflation in a New Keynesian Model with a Cash-in-advance Constraint: The Case of Iran
Sign Up to like & getrecommendations! Published in 2019 at "iranian economic review"
DOI: 10.22059/ier.2018.68549
Abstract: The welfare cost of inflation in a new Keynesian model has been studied in this article. Nominal prices and wages are subjected to Rotenberg's adjustments in the benchmark model. In addition, this study uses the… read more here.
Keywords: welfare cost; welfare; model; ation ... See more keywords