Collected Papers on Monetary Theory, 2012, p.81-89
2012
Details
- Autor(en) / Beteiligte
- Titel
- Discussion of Stanley Fischer, “Towards an Understanding of the Costs of Inflation: II”
- Ist Teil von
- Collected Papers on Monetary Theory, 2012, p.81-89
- Ort / Verlag
- United States: Harvard University Press
- Erscheinungsjahr
- 2012
- Link zum Volltext
- Quelle
- Alma/SFX Local Collection
- Beschreibungen/Notizen
- The great disciplining virtue of applied welfare economics is that it forces one to take a position on all of the issues involved in constructing a quantitatively serious general equilibrium model of the entire economy.★Unless one cheats, and in his paper Stanley Fischer tries very conscientiously not to,everythingmust be faced. In a monetary application especially, this can be a humbling experience because it lays bare the many really basic issues on which we are far from a solidly-based understanding. Fischer’s starting point is the solution to the problem of measuring the welfare cost of inflation that Bailey
- Sprache
- Englisch
- Identifikatoren
- ISBN: 9780674066878, 0674066871DOI: 10.4159/harvard.9780674067851.c5Titel-ID: cdi_jstor_books_j_ctt2jbpnz_9
- Format
- –
- Schlagworte
- Accountancy, Applied economics, Business, Business expenses, Business operations, Commerce, Cost estimates, Econometrics, Economic conditions, Economic costs, Economic costs and benefits, Economic disciplines, Economic fluctuations, Economic indicators, Economic inflation, Economic theory, Economics, Financial accounting, Financial economics, Inflation rates, Inflation tax, Keynesianism, Microeconomics, Monetary theory, Price fluctuations, Price levels, Purchasing, Saltwater economics, Socioeconomics, Variable costs, Welfare economics