Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
04.02.2008
Verlag
VDMSeitenzahl
228
Maße (L/B/H)
24/17/1,5 cm
Gewicht
390 g
Sprache
Englisch
ISBN
978-3-8364-5525-1
Why should central banks fight against inflation? To answer this question,
understanding the magnitude of welfare cost of inflation is important and
becomes an active research field. Economists always make some assumptions
to simplify the model from reality so that the model is tractable. But at the
same time, these simplifications may affect the clear view on the source of
inflation cost and affect the way to measure the cost of inflation. This book
analyzes the welfare cost of inflation in a general equilibrium framework that
takes into account more realistic factors in the real world, a framework with
more generalized model settings of money demand side and money supply
side. On the money demand side, interest-bearing deposits are introduced by
applying the monetary aggregation theory; on the supply side, a banking
sector is established to produce interest-bearing deposits. The research
should be useful for central bankers and researchers who are conducting research
on the policy of central banks, and should benefit economist, econometricians,
and anyone else who are interested in general equilibrium
model or nonlinear threshold estimation.
understanding the magnitude of welfare cost of inflation is important and
becomes an active research field. Economists always make some assumptions
to simplify the model from reality so that the model is tractable. But at the
same time, these simplifications may affect the clear view on the source of
inflation cost and affect the way to measure the cost of inflation. This book
analyzes the welfare cost of inflation in a general equilibrium framework that
takes into account more realistic factors in the real world, a framework with
more generalized model settings of money demand side and money supply
side. On the money demand side, interest-bearing deposits are introduced by
applying the monetary aggregation theory; on the supply side, a banking
sector is established to produce interest-bearing deposits. The research
should be useful for central bankers and researchers who are conducting research
on the policy of central banks, and should benefit economist, econometricians,
and anyone else who are interested in general equilibrium
model or nonlinear threshold estimation.
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