Showing 1 - 10 of 26
Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using monetary data adjusted for US dollars abroad, we show that the...
Persistent link: https://www.econbiz.de/10013127698
Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using monetary data adjusted for US dollars abroad, we show that the...
Persistent link: https://www.econbiz.de/10009006654
Persistent link: https://www.econbiz.de/10009693457
Persistent link: https://www.econbiz.de/10009536899
Persistent link: https://www.econbiz.de/10009578455
Persistent link: https://www.econbiz.de/10011489889
Persistent link: https://www.econbiz.de/10011349882
Persistent link: https://www.econbiz.de/10011721090
We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro banknotes abroad. While we find evidence of marginally negative shoe-leather costs for very low levels of the nominal interest rate, our estimates suggest that the shoe-leather...
Persistent link: https://www.econbiz.de/10013019615
Empirical studies of the shoe-leather costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using adjusted monetary data, we show that the failure to control for...
Persistent link: https://www.econbiz.de/10013037484