Seigniorage and the welfare cost of inflation in Colombia
We compute both seigniorage rate and welfare cost of inflation rate in Colombia using a Sidrauski-type model in which preferences are separable functions of the service flows of non-durable goods and money holdings. The set of the estimated paramete
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
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Banco de la República
2000
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Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5169 |