Skip to main content

The form of money demand function and the welfare costs of inflation

Buy Article:

$53.17 plus tax (Refund Policy)

Abstract:

In this article we show that the marginal welfare costs of inflationary is progressively larger with the inflation rate in Bailey's formulation, but under Baumol–Tobin treatment the opposite applies.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036846.2010.534077

Affiliations: 1: Department of Economics,University of Waterloo, WaterlooON N2L 3G1, Canada 2: Department of Economics,The University of Western Ontario, LondonON N6A 5C2, Canada

Publication date: March 1, 2012

More about this publication?

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Partial Open Access Content
Partial Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more