search query: @author Cysne, R. P. / total: 2
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| Author: | Simonsen, M. H. Cysne, R. P. |
| Title: | Welfare costs of inflation and interest-bearing money |
| Journal: | Journal of Money, Credit and Banking
2001 : FEB, VOL. 33:1, p. 90-100 |
| Index terms: | INFLATION INTEREST RATES WELFARE ECONOMICS |
| Language: | eng |
| Abstract: | This work extends the Lucas' analysis of the welfare cost of inflation to an economy with interest-bearing deposits. Lower and upper bounds to Lucas' measure of the welfare cost of inflation are also provided. |
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