The welfare cost of inflation under imperfect insurance

DOI10.1016/0165-1889(92)90006-ZzbMath0825.90156OpenAlexW2075768396MaRDI QIDQ1186065

Ayşe İmrohoroğlu

Publication date: 28 June 1992

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(92)90006-z

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (12)

Heterogeneity, decentralized trade, and the long-run real effects of inflation ⋮ The redistributive effects of inflation and the shape of money demand ⋮ Endogenous growth and the welfare costs of inflation: a reconsideration ⋮ Incomplete markets and the output-inflation tradeoff ⋮ Stochastic stability of monotone economies in regenerative environments ⋮ Optimal monetary policy with heterogeneous money holdings ⋮ The wealth distribution in Bewley economies with capital income risk ⋮ A tractable model of monetary exchange with ex post heterogeneity ⋮ Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model ⋮ Growth and the effects of inflation ⋮ Effects of inflation on wealth distribution: Do stock market participation fees and capital income taxation matter? ⋮ Inflation-stabilization risk in economies with incomplete asset markets

Cites Work

• An income fluctuation problem
• The permanent income hypothesis: A theoretical formulation
• Borrowing Constraints and Aggregate Economic Activity

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