Measuring Welfare Cost of Inflation : Study in Generalized General Equilibrium Models

Language: English

Published by VDM Verlag Dr. Müller Feb 2008, 2008

3836455250 / 9783836455251

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Neuware - Why should central banks fight against inflation To answer this question, understanding the magnitude of welfare cost of inflation is important and becomes an active research field. Economists always make some assumptions to simplify the model from reality so that the model is tractable. But at the same time, these simplifications may affect the clear view on the source of inflation cost and affect the way to measure the cost of inflation. This book analyzes the welfare cost of inflation in a general equilibrium framework that takes into account more realistic factors in the real world, a framework with more generalized model settings of money demand side and money supply side. On the money demand side, interest-bearing deposits are introduced by applying the monetary aggregation theory; on the supply side, a banking sector is established to produce interest-bearing deposits. The research should be useful for central bankers and researchers who are conducting research on the policy of central banks, and should benefit economist, econometricians, and anyone else who are interested in general equilibrium model or nonlinear threshold estimation.…

Seller Inventory # 9783836455251

Title
Measuring Welfare Cost of Inflation : Study in Generalized General Equilibrium Models
Author
Lian Wang
Publisher
VDM Verlag Dr. Müller Feb 2008
Publication year
2008
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3836455250
ISBN 13
9783836455251
Item weight
390 grams
Dimensions
24.00x0.00x0.00 cm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

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