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The Cost of Inflation as the Cost of Moneylessness

In: The Causes, Costs and Compensations of Inflation

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Abstract

This book explores the causes, costs and benefits of inflation. It argues that while the cause of inflation is essentially monetary, the costs and benefits of inflation lie in inflation’s distortion of the economy's responses to real shocks.

Suggested Citation

  • ., 2007. "The Cost of Inflation as the Cost of Moneylessness," Chapters, in: The Causes, Costs and Compensations of Inflation, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3906_10
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    File URL: https://www.elgaronline.com/view/9781845424848.00019.xml
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    1. repec:zbw:bofrdp:2007_032 is not listed on IDEAS
    2. George W. Evans & Seppo Honkapohja, 2009. "Expectations, Learning and Monetary Policy: An Overview of Recent Research," Central Banking, Analysis, and Economic Policies Book Series, in: Klaus Schmidt-Hebbel & Carl E. Walsh & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series (ed.),Monetary Policy under Uncertainty and Learning, edition 1, volume 13, chapter 2, pages 027-076, Central Bank of Chile.

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    Keywords

    Economics and Finance;

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