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The book delves into the welfare cost of inflation using a general equilibrium framework that incorporates realistic factors affecting money demand and supply. By introducing interest-bearing deposits and establishing a banking sector, it provides a nuanced analysis of inflation's impact. This research is particularly beneficial for central bankers and economists, offering insights into policy implications and enhancing understanding of nonlinear threshold estimation in economic models.
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Measuring Welfare Cost of Inflation, Lian Wang
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- Année de publication
- 2012
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