On high inflation and the allocation of resources

Journal of Monetary Economics

Volumn 44, Issue 3, 1999, Pages 401-421

  Tommasi, Mariano ^a  

^a UNIVERSIDAD DE SAN ANDRÉS   (Argentina)

Author keywords

Inefficiencies; Inflation; Search

Indexed keywords

EID: 0033473751     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3932(99)00038-0     Document Type: Article

References (34)

1. Azariadis, C., Smith, B., 1996. Private information, money and growth. Journal of Economic Growth 1 (3), 309-332.
2. Ball, L., Romer, D., 1993. Inflation and the informativeness of prices. NBER Working Paper No. 4267, January 1993.
3. Benabou, R., 1988. Search, price setting and inflation. Review of Economic Studies 55, 353-376.
4. Benabou, R., 1992. Inflation and efficiency in search markets. Review of Economic Studies 59, 299-329.
5. Benabou, R., Gertner, R., 1993. Search with learning from prices: Does decreased inflationary uncertainty lead to higher markups?. Review of Economic Studies 60, 69-94.
6. Bresciani-Turroni, C., 1937. The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany, Allen and Unwin, London.
7. Bruno, M., Meridor, L., 1991. The costly transition from stabilization to sustainable growth: Israel's case. (In: Bruno et al. (Eds.), Lessons of Economic Stabilization and its Aftermath. The MIT Press, Cambridge.
8. Carlton, D., 1983. The disruptive effect of inflation on the organization of markets. In: Robert, H. (Ed.), The Economics of Inflation. University of Chicago Press, Chicago.
9. Casella, A., Feinstein, J., 1990. Economic exchange during hyperinflation. Journal of Political Economy 98, 1-27.
10. Cole, H., Stockman, A., 1992. Specialization, transactions technologies and money growth. International Economic Review 33, 283-298.
11. Cooley, T., Hansen, G., 1989. The inflation tax in a real business cycle model. American Economic Review 79 (4), 733-748.
12. Cooley, T., Hansen, G., 1991. The welfare costs of moderate inflation. Journal of Money, Credit and Banking 23 (3), 483-503.
13. Cukierman, A., 1982. Relative price variability, inflation and the allocative efficiency of the price system. Journal of Monetary Economics 9, 131-162.
14. Cukierman, A., 1984. Inflation, Stagflation, Relative Prices and Imperfect Information.. Cambridge University Press, Cambridge.
15. de Gregorio, J., 1993. Inflation, taxation, and long-run growth. Journal of Monetary Economics 31 (3), 271-298.
16. de Gregorio, J., Sturzenegger, F., 1994. Credit Markets and the Welfare Cost of Inflation. UCLA, Mimeo.
17. Diamond, P., 1993. Search, sticky prices and inflation. Review of Economic Studies 60, 53-68.
18. Fershtman, C., Fishman, A., Simhon, A., 1996, Relative Price Variability, Repeat Sales, and the Welfare Cost of Inflation. Working paper 15-96, The Sackler Institute for Economic Studies, Tel Aviv University.
19. Grossman, G., Helpman, E., 1991. Innovation and Growth in the Global Economy.. MA: MIT Press, Cambridge.
20. Heymann, D., Leijonhufvud, A., 1995. High Inflations.. Oxford University Press, Oxford.
21. Klemperer, P., 1995. Competition when consumers have switching costs. Review of Economic Studies, October 1995.
22. Li, V., 1992. A Search Equilibrium Approach to Monetary Theory and Policy. Ph.D. Dissertation, Northwestern University.
23. Li, V., 1995. The optimal taxation of fiat money in search equilibrium. International Economic Review 36 (4), 927-942.
24. McKenna, C.J., 1987. Models of search market equilibrium. In Hey, J., Lambert, P. (Eds.), Surveys in the Economics of Uncertainty. Basil Blackwell, Oxford.
25. McKinnon, R., 1991. The Order of Economic Liberalization: Financial Control in the Transition to Market Economy. Johns Hopkins University Press, Baltimore and London.
26. McMillan, J., Rothschild, M., 1994. Search. In: Aumann, R., Hart, S. (Eds.), Handbook of Game Theory with Economic Applications Vol. 2. Elsevier, North-Holland, London and New York.
27. Mora, Y., Araujo, M., 1988. El estudio empirico de los aspectos sociopoliticos de la inflación. In: Botana, Waldmann (Eds.), El Impacto de la Inflación en la Sociedad y la Política. Editorial Tesis, Buenos Aires.
28. Mueller, D., 1989. Public Choice II.. Cambridge University Press, Cambridge.
29. Pindyck, R., Solimano, A., 1993. Economic instability and aggregate investment. NBER Macroeconomics Annual 8, 259-303.
30. Romer, D., 1996. Advanced Macroeconomics. McGraw-Hill, New York.
31. Schumpeter, J., 1942. Capitalism, Socialism and Democracy. Harper, New York.
32. Shiller, R., 1996. Why do people dislike inflation? NBER Working Paper 5539.
33. Tommasi, M., 1994. The consequences of price instability on search markets: Towards understanding the costs of inflation. American Economic Review 84, 1385-1396.
34. Tommasi, M., 1996. On High Inflation and the Allocation of Resources. Universidad de San Andrés, Mimeo.