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The welfare cost of inflation with banking time
Gillman, Max - 2018
The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …
Persistent link: https://www.econbiz.de/10012012509
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The welfare cost of inflation with banking time
Gillman, Max - In: The B.E. journal of macroeconomics 20 (2020) 1, pp. 1-20
Persistent link: https://www.econbiz.de/10012170822
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A comparison of partial and general equilibrium estimates of the welfare cost of inflation
Gillman, Max - 1995
Persistent link: https://www.econbiz.de/10000912138
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Price stability as optimal policy : costly nominal adjustment in general equilibrium
Gillman, Max - 1996
Persistent link: https://www.econbiz.de/10000936263
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Optimality of exchange credit restrictions
Gillman, Max - 1996
Persistent link: https://www.econbiz.de/10000936496
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The welfare costs of inflation in a cash-in-advance economy with costly credit
Gillman, Max - 1992
Persistent link: https://www.econbiz.de/10000840089
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The welfare cost of inflation in a cash-in-advance economy with costly credit
Gillman, Max - In: Journal of monetary economics 31 (1993) 1, pp. 97-115
Persistent link: https://www.econbiz.de/10001140289
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Comparing partial and general equilibrium estimates of the welfare cost of inflation
Gillman, Max - In: Contemporary economic policy : a journal of Western … 13 (1995) 4, pp. 60-71
Persistent link: https://www.econbiz.de/10001189321
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Second-best credit policy : the problem with 100% reserves
Gillman, Max - 1994
Persistent link: https://www.econbiz.de/10000892888