The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation
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.
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2011 |
| País: | Brasil |
| Institución: | Fundação Getulio Vargas (FGV) |
| Repositorio: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.fgv.br:10438/8481 |
| Acceso en línea: | http://hdl.handle.net/10438/8481 |
| Access Level: | acceso abierto |
| Palabra clave: | Welfare Surplus In ation Bailey Divisia Economia Modelos econométricos |
| Sumario: | 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. |
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