Inflation and Welfare: Comment on Robert Lucas
收藏NBER1999-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6979
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资源简介：
The paper argues that Lucas overestimates the Friedman-Bailey type of welfare cost of inflation and neglects other important welfare effects. With an alternative interpretation of the non-observability of low interest rates than the one Lucas gave and the introduction of taxes that reduce the
提供机构：
美国国家经济研究局
创建时间：
1999-02-01
