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Original Articles

On the welfare cost of inflation in Europe

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Pages 111-113 | Published online: 20 Feb 2007

References

  • Bailey , MJ . 1956 . The welfare cost of inflationary finance . Journal of Political Economy , 64 : 93 – 110 .
  • Bullard , JB and Russell , S . 2004 . How costly is sustained low inflation for the US economy . The Federal Reserve Bank of St. Louis Review , 86 : 35 – 67 .
  • Fisher , M and Seater , J . 1993 . Long-run neutrality and superneutrality in an ARIMA framework . American Economic Review , 83 : 402 – 15 .
  • Lucas , RE Jr . 2000 . Inflation and welfare . Econometrica , 68 : 247 – 74 .
  • Serletis , A and Yavari , K . 2005 . The welfare cost of inflation in Italy . Applied Economics Letters , 12 : 165 – 8 .
  • Sidrauski , M . 1967 . Rational choice and patterns of growth in a monetary economy . American Economic Review , 57 : 534 – 44 .

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