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Government subsidies, inflation and consumers' welfare

B. Bental and M. Spiegel
Additional contact information
B. Bental: Israel Insitute of Technology
M. Spiegel: University of Haifa

No 1981021, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We undertake a rigorous analysis of the questionable value of subsidies in the fight against inflation. The model employed for this purpose is Samuelson’s overlapping generations model (Samuelson, [1958]), in its simplest form. There is just one good and fiat money; inflation is measured by the change of the money price of the consumption good from period to period

Pages: 16
Date: 1981-06-01
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