The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation
| Data(s) |
26/07/2011
26/07/2011
26/07/2011
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|---|---|
| Resumo |
This paper shows that in economies with several monies the Bailey-Divisia multidimensional consumers surplus formula may emerge as an exact general-equilibrium measure of the welfare costs of in ation, provided that preferences are quasilinear. |
| Identificador |
0104-8910 |
| Idioma(s) |
en_US |
| Publicador |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
| Relação |
Ensaios Econômicos;720 |
| Palavras-Chave | #In ation #Welfare #Bailey #Divisia #Surplus #Economia #Modelos econométricos |
| Tipo |
Working Paper |
