Custos de bem-estar da inflação no Brasil pós-real
DOI:
https://doi.org/10.1590/1413-8050/ea440Abstract
This work investigates the behavior of money demand in Brazil in order to derive the welfare costs of inflation after the Real Plan. The results, for a period of about seventeen years, corroborated the log-log specification that shows significant gains in welfare cost of inflation. Still, for an inflation of around 4.5% per year, there is a welfare cost between 0,15 and 0,20% of income. But, we suggest that the country directs its policies to achieve a much lower level of inflation and to a level of steady state real interest rate of developed countries.Downloads
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Published
2014-06-01
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Papers
How to Cite
Caetano, S. M., Silva Júnior, G. E., & Souza Júnior, J. R. de C. (2014). Custos de bem-estar da inflação no Brasil pós-real . Economia Aplicada, 18(2), 271-293. https://doi.org/10.1590/1413-8050/ea440