Publication View

A discussion of Cooley and Hansen's "welfare costs of moderate inflations."

Randall Wright

Abstract

This is a note on the analysis of inflation and taxation in Cooley and Hansen’s cash-in-advance economy described in their paper “The Welfare Costs of Moderate Inflations.” Basic issues concerning the costs and consequences of inflation are considered, their results are assessed, and some directions for extensions are suggested.. Inflation (Finance) ; Welfare

Publication details

Download	http://minneapolisfed.org/research/sr/sr134.pdf
Repository	RePEc (Germany)
Type	preprint

Publications citing this publication (1)

Some costs and benefits of price stability in the UK

Hasan Bakhshi,
Andrew Haldane,
Neal Hatch