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

Hui Huang and John Whalley

Applied Economics, 2012, vol. 44, issue 9, 1091-1092

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.

Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2010.534077 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:44:y:2012:i:9:p:1091-1092

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2010.534077

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().