Inflation and welfare

DOI10.1111/1468-0262.00109MaRDI QIDQ2849545zbMATH OpenOpenAlexWikidataFDO

Authors Robert E. jun. Lucas

Publication date 20 September 2013

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/1468-0262.00109

zbMATH Keywords

inflationinterest ratesmonetary policywelfare

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cited in

(54)

• Optimal random monetary policy with nominal rigidity.
• New monetarism with endogenous product variety and monopolistic competition
• Endogenous search, price dispersion, and welfare
• Monitoring money for price stability
• Comments on ``Monitoring money for price stability by C. Hevia and J. P. Nicolini
• The redistributive effects of inflation and the shape of money demand
• Inflation tax in the lab: a theoretical and experimental study of competitive search equilibrium with inflation
• Adaptive learning and monetary exchange
• Intermediary cost and coexistence puzzle
• The analytics of monetary non-neutrality in the Sidrauski model
• The shadow economy as an equilibrium outcome
• Money, random matching and endogenous growth: a quantitative analysis
• Money-financed fiscal stimulus: the effects of implementation lag
• The welfare cost of inflation
• On the Markov switching welfare cost of inflation
• Corporate finance, monetary policy, and aggregate demand
• Endogenous time preference, inflation, and capital accumulation
• Monetary exchange and the irreducible cost of inflation
• An ordering of measures of the welfare cost of inflation in economies with interest-bearing deposits
• Hyperbolic discounting and positive optimal inflation
• NONLINEARITIES IN THE DYNAMICS OF THE EURO AREA DEMAND FOR M1
• MEASUREMENT ERROR IN MONETARY AGGREGATES: A MARKOV SWITCHING FACTOR APPROACH
• Can growth-enhanced monetary policy improve welfare when people seek social status?
• The cost of inflation: a mechanism design approach
• The n-dimensional Bailey-Divisia measure as a general-equilibrium measure of the welfare costs of inflation
• Cointegration: Bayesian significance test
• WELFARE COST OF INFLATION IN A GENERAL EQUILIBRIUM MODEL WITH CURRENCY AND INTEREST-BEARING DEPOSITS
• Oracle efficient estimation of structural breaks in cointegrating regressions
• A two-step procedure for testing partial parameter stability in cointegrated regression models
• ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
• The implications of inflation in an estimated New Keynesian model
• A NOTE ON THE OPTIMAL LEVEL OF MONETARY AGGREGATION IN THE UNITED KINGDOM
• INFLATION AND FINANCIAL DEPTH
• Inflation
• Controlling chaos in New Keynesian macroeconomics
• The macro impact of short-termism
• Spending a windfall
• The simple macroeconometrics of the quantity theory and the welfare cost of inflation
• Welfare cost of inflation, when credit card transaction services are included among monetary services
• On the general equilibrium costs of perfectly anticipated inflation
• The role of central bank digital currency in an increasingly digital economy
• Bargaining under liquidity constraints: experimental evidence
• Money, inflation tax, and trading behavior: theory and laboratory experiments
• Financial exclusion and inflation costs
• Deficit, monetization, and economic growth: a case for multiplicity and indeterminacy
• Can an AI agent hit a moving target?
• How better monetary statistics could have signaled the financial crisis
• Government financing, inflation, and the financial sector
• Optimal interest rate stabilization in a basic sticky-price model
• Search, money, and inflation under private information
• Welfare costs of inflation in a dynamic economy with search unemployment
• Can money matter for interest rate policy?
• Effects of inflation on wealth distribution: Do stock market participation fees and capital income taxation matter?
• Welfare costs of inflation when interest-bearing deposits are disregarded: a calculation of the bias

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