The n-Dimensional Bailey-Divisia Measure as a General-Equilibrium Measure of the Welfare Costs of Inflation
| Autor Principal: | Cysne, Rubens Penha |
|---|---|
| Tipo: | Technical Report |
| Idioma: | en_US |
| Publicado em: | Escola de Pós-Graduação em Economia da FGV 20110726 |
| Assuntos: | |
| Link Texto Completo: |
http://hdl.handle.net/10438/8481 |
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| 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. |
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