Boel, Paola; Camera, Gabriele - In: Macroeconomic Dynamics 15 (2011) S2, pp. 217-251
The welfare cost of anticipated inflation is quantified in a matching model of money calibrated to 23 different OECD countries for several sample periods. In most economies, in the common period 1978–1998, a representative agent would give up only a fraction of 1% of consumption to avoid 10%...
