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Consideration of the Welfare Cost of Inflation with General Equilibrium Model Approach

Yazdan Gudarzi Farahani, Shiva Moshtaridoust and Behzad Varmazyari

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2011, vol. 3, issue 8, 87-120

Abstract: In this paper we studied the welfare cost of inflation. Therefore، to meet this end، we use a three section new Keynesian model of the dynamic Stochastic General equilibrium. Inflation is a complex phenomenon that has destructive effects on society. In this model we aim to solve linear log and non linear

Keywords: Inflation; Welfare cost; DSGE; New Keynesian (search for similar items in EconPapers)
Date: 2011
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