Report
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;
Access Documents
File(s): File format is application/pdf http://www.minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=413
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Minneapolis
Part of Series: Staff Report
Publication Date: 1991
Number: 134