money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation … significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …

-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that … development of a simulation procedure consistent with the comparative static interpretation. The procedure is illustrated with an …

-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that …-specific constants leads to the development of a simulation procedure consistent with the comparative statics interpretation. The …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …

changes. This paper explores the impact of inflation and uses compensating variations and equivalized incomes to measure … shifts in welfare in a cross-country comparative context. The effects of inflation are closely related to specific price … originally thought. Nevertheless, there are notable differences across countries in the level of inflation, its composition, and …

-SILC User Database. In order to do this we had to develop a simulation based methodology to disaggregate the main 6 benefit …