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This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More...
Persistent link: https://www.econbiz.de/10003608152
Persistent link: https://www.econbiz.de/10009009055
Persistent link: https://www.econbiz.de/10010360711
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
Persistent link: https://www.econbiz.de/10003826581
Persistent link: https://www.econbiz.de/10001772666
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
Persistent link: https://www.econbiz.de/10013138112
The paper by Bernhard Manzke examines an application of generational accounting to Germany. The paper highlights the limitations of this approach. In particular, dynamic economic feedbacks are ignored; the base year budgetary situation is projected to the future without considering that it may be...
Persistent link: https://www.econbiz.de/10013103733
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
Persistent link: https://www.econbiz.de/10012765709
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
Persistent link: https://www.econbiz.de/10012991065
This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More...
Persistent link: https://www.econbiz.de/10012991253