Seigniorage and the welfare cost of inflation in Colombia
We compute both seigniorage rate and welfare costo f inflation rate in Colombia using a Sidrauski-type model in which preferentes are nonseparable functions of the service flows of non - durable goods and money holdings.
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Formato: | Artículo (Article) |
Lenguaje: | Inglés (English) |
Publicado: |
Banco de la República de Colombia
2001
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Materias: | |
Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/3236 |
Sumario: | We compute both seigniorage rate and welfare costo f inflation rate in Colombia using a Sidrauski-type model in which preferentes are nonseparable functions of the service flows of non - durable goods and money holdings. |
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