The welfare effects of inflation : a cost-benefit perspective /

This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More recently, in...

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Bibliographic Details
Main Author: Tödter, Karl-Heinz
Other Authors: Manzke, Bernhard
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2007
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 33/2007
Subjects:
Online Access:http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2007/2007_12_27_dkp_33.pdf?__blob=publicationFile