| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060784 | Economics Letters | 2011 | 4 Pages |
Abstract
⺠Bailey's welfare measure may be obtained as an exact general-equilibrium measure of the welfare costs of inflation. ⺠In economies with several monies Bailey's measure has to be adapted to an n-dimensional Divisia-index context. ⺠The Bailey-Divisia integral may also emerge as an exact general-equilibrium measure, provided preferences are quasilinear.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Rubens Penha Cysne,