Documentos de trabajo
The n-dimensional bailey-divisia measure as a general-equilibrium measure of the welfare costs of inflation
Fecha
2011-07-26Autor
Cysne, Rubens Penha
Institución
Resumen
This paper shows that in economies with several monies the Bailey-Divisia multidimensional consumers surplus formula may emerge as an exact general-equilibrium measure of the welfare costs of in ation, provided that preferences are quasilinear.