The n-Dimensional Bailey-Divisia Measure as a General-Equilibrium Measure of the Welfare Costs of Inflation
AUTOR(ES)
Cysne, Rubens Penha
FONTE
Escola de Pós-Graduação em Economia da FGV
DATA DE PUBLICAÇÃO
26/07/2011
RESUMO
This paper shows that in economies with several monies the Bailey-Divisia multidimensional consumers surplus formula may emerge as an exact general-equilibrium measure of the welfare costs of in ation, provided that preferences are quasilinear.
ASSUNTO(S)
in ation welfare bailey divisia surplus
ACESSO AO ARTIGO
http://hdl.handle.net/10438/8481Documentos Relacionados
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