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


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.

Keywords: Inflation (Finance); Welfare;

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Provider: Federal Reserve Bank of Minneapolis

Part of Series: Staff Report

Publication Date: 1991

Number: 134