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Welfare costs of inflation and interst-bearing money

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Comentarios sobre defesa da concorrencia no Brasil

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Welfare costs of inflation : the case for interest-bearing money and empirical estimates for Brazil

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ARTICLES - Welfare Costs of Inflation and Interest-Bearing Money

Simonsen, Mario Henrique; Cysne, Rubens Penha - In: Journal of money, credit and banking : JMCB 33 (2001) 1, pp. 90-100

Persistent link: https://www.econbiz.de/10006660253

Welfare Costs of Inflation and Interest-Bearing Money.

Simonsen, Mario Henrique; Cysne, Rubens Penha - In: Journal of Money, Credit and Banking 33 (2001) 1, pp. 90-100

This note extends the Lucas' analysis of the welfare cost of inflation to an economy with interest-bearing deposits. Lower and upper bounds to Lucas' measure of the welfare cost of inflation are also provided. The upper bound is shown to lie between Lucas' measure of the welfare cost of...

Persistent link: https://www.econbiz.de/10005227454

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