Inflation and Welfare in Latin America |
| |
| Authors: | Kazem Yavari Apostolos Serletis |
| |
| Affiliation: | (1) Department of Economics, University of Tarbiat Modarres, Tehran, Iran;(2) Department of Economics, University of Calgary, Calgary, Alberta, Canada, T2N 1N4 |
| |
| Abstract: | This paper follows Bailey (J Polit Econ 64:93–110, 1956) and Lucas (Econometrica 68:247–274, 2000) and estimates the welfare cost of inflation for 17 Latin American economies. We use annual data, from 1955 to 2000, and recent advances in the field of applied econometrics to estimate the inflation rate elasticity of money demand and report significantly high and differential welfare cost estimates for these economies. |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
|
