Warehouse / JEL /
E41
E41
20 papers tracked
0 forthcoming
17 classics
Showing 20 papers
Inflation and WelfareRobert E. Lucas, Jr.
Surveying and extending the Bailey-Friedman tradition of estimating the welfare cost of inflation, Lucas fits U.S. money-demand data for 1900-1994 and estimates that reducing annual inflation from 10 …
The User Cost of MoneyWilliam A. Barnett
This 1978 Economics Letters paper by William A. Barnett asks what the correct price of holding a monetary asset actually is -- the "user cost" or equivalent rental price of the liquidity services a …