Inflation and Social Welfare in a Model With Endogenous Financial Adaptation
收藏NBER1992-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4103
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资源简介：
This paper develops a model with endogenous financial adaptation. With a representative agent, inflation and welfare increase upon introduction of financial adaptation. Once we allow for agents' heterogeneity, we can show that inflation still increases and that the "poor" are hurt, while the "rich"
提供机构：
美国国家经济研究局
创建时间：
1992-06-01
