Davis, George K.; Hineline, David; Kanago, Bryce E. - In: Journal of Macroeconomics 33 (2011) 4, pp. 607-619
Models of the cost of inflation often conclude that inflation misallocates resources. For example, inflation may lead to an increase in the variability of relative prices and it is often claimed that this increase in variability leads to a misallocation of resources. This claim raises the...