The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation

Rubens Cysne

No 720, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: 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.

Date: 2011-07-26
New Economics Papers: this item is included in nep-cba and nep-mon
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Citations: View citations in EconPapers (1)

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Journal Article: The n-dimensional Bailey–Divisia measure as a general-equilibrium measure of the welfare costs of inflation (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:720

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