U.S. Money demand and the welfare cost of inflation in a currency-deposit model

Journal of Economics and Business

Volumn 52, Issue 3, 2000, Pages 233-258

  Bali, Turan G ^a  

^a CITY UNIVERSITY OF NEW YORK   (United States)

Author keywords

Currency Deposit Model; U.S. Money Demand; Welfare Cost of Inflation

Indexed keywords

EID: 0013002719     PISSN: 00129933     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0148-6195(99)00035-1     Document Type: Article

References (4)

1. Baba, Y., Hendry, D. F., and Starr, R. M. 1992. The demand for Ml in the U.S.A., 1960-1988. Review of Economic Studies 59:25-61.
2. Bailey, M. J. 1956. The welfare cost of inflationary finance. Journal of Political Economy 64:93-110.
3. Banerjee A., Dolado, J., Galbraith, J. W., and Hendry, D. F. 1993. Co-integration, Error-Correction, and the Econometric Analysis of Non-Stationary Data. Oxford: Oxford University Press.
4. Calvo, G. A., and Fernandez, R. B. 1983. Competitive banks and the inflation tax. Economics Letters 12:313-317.