opportunity cost of holding money, and inflation for the period 1873 - 2001. As a novelty we account for the effect of the world … link from excess money to inflation. The long-run structures are reasonably stable, although the information in the data is …

monetary theory, such as the welfare cost of inflation. It is shown that when money is a vital form of liquidity to meet … uncertain consumption needs, the welfare costs of inflation can be extremely large. With log utility and parameter values that …, agents in our model are willing to reduce consumption by 3% ~ 4% to avoid 10% annual inflation. The astonishingly large …

The article investigates the determinants of consumer price inflation in China. While inflation has been entirely …

development of electronic payments. The equation considered in the article can be used to build predictive models of inflation. …

) methods. We then, compare the resulting welfare costs of inflation obtained from the linear and nonlinear money demand … welfare cost of inflation was found to at the most lie between 0.0131 percent of GDP to 0.2186 percent of GDP for inflation … rates between 0 percent and 10 percent, and; (iv) In comparison, the welfare cost of inflation obtained from the semi …

, the movements in the price of gold seem to lead a symmetrical trend in the headline inflation since the outbreak of the …, shifts in the gold price should be monitored as one of the determining factors of inflation. Yet, hardly any study has …-digit inflation rates. …