On the Markov switching welfare cost of inflation

DOI10.1016/j.jedc.2019.103748zbMath1425.91314OpenAlexW2971364078WikidataQ127284285 ScholiaQ127284285MaRDI QIDQ2338537

Wei Dai, Apostolos Serletis

Publication date: 21 November 2019

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2019.103748

zbMATH Keywords

Markov regime switchingwelfare cost of inflationdivisia money

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Welfare economics (91B15)

Related Items

A novel system identification algorithm for nonlinear Markov jump system ⋮ The welfare cost of inflation ⋮ Accurate and fast parameter identification of conditionally Gaussian Markov jump linear system with input control

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