Arbeitspapier
The welfare costs of inflation
We revisit the estimation of the welfare costs of inflation originating from lack of liquidity satiation. We use data for the United States and several other developed countries. Our computations are heavily influenced by the recent experience of very low, even negative, short term rates observed in the countries we study. We obtain estimates that are close to those obtained by Lucas (2000), and an order of magnitude higher than those in Ireland (2009).
- Sprache
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Englisch
- Erschienen in
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Series: Discussion Papers ; No. 21-13
- Klassifikation
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Wirtschaft
- Ereignis
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Geistige Schöpfung
- (wer)
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Benati, Luca
Nicolini, Juan Pablo
- Ereignis
-
Veröffentlichung
- (wer)
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University of Bern, Department of Economics
- (wo)
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Bern
- (wann)
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2021
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Benati, Luca
- Nicolini, Juan Pablo
- University of Bern, Department of Economics
Entstanden
- 2021