Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks

2021 ◽  
Author(s):  
George M. Constantinides
Keyword(s):  
Welfare Costs ◽  
Aggregate Consumption

Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks

2021 ◽  
Author(s):  
George M. Constantinides
Keyword(s):  
Welfare Costs ◽  
Aggregate Consumption

Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks

2021 ◽  
Author(s):  
George M. Constantinides
Keyword(s):  
Welfare Costs ◽  
Aggregate Consumption

scholarly journals Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks

2021 ◽  
Author(s):  
George Constantinides
Keyword(s):  
Welfare Costs ◽  
Aggregate Consumption

Estimation of welfare costs of inflation: The case of Russia

2019 ◽  
pp. 55-69 ◽  
Author(s):  
Sergey M. Drobyshevskiy ◽  
Natalia V. Makeeva ◽  
Elena V. Sinelnikova-Muryleva ◽  
Pavel V. Trunin
Keyword(s):  
Inflation Targeting ◽  
Empirical Studies ◽  
Welfare Costs ◽  
Economic Agents ◽  
Academic Literature ◽  
Russian Economy ◽  
Theoretical Approaches ◽  
Real Gdp ◽  
Quantitative Estimates ◽  
Positive Effect

This paper is devoted to the estimation of welfare costs of inflation, taking into account the peculiarities of the Russian economy. Theoretical approaches that are used in the literature to analyze the costs of inflation are discussed in the paper. It also provides an overview of the empirical studies of this topic. Research found in academic literature shows that the results of quantitative estimates are extremely sensitive to the choice of the functional form of the money demand equation, as well as to assumptions that are made to simplify the analysis, some of which do not fit Russian data. As a result, we have modified the standard approaches to estimating welfare costs of inflation, taking into account the monetization growth in Russia, and provide quantitative estimates of the magnitude of welfare costs of inflation. The results indicate a significant gain for economic agents in terms of real GDP with a decrease in inflation, which is regarded as a positive effect from the inflation targeting policy.

The Sensitivity of Aggregate Consumption to Human Wealth

2000 ◽  
Author(s):  
Hasan Bakhshi
Keyword(s):  
Aggregate Consumption

On the Scale and Welfare Costs of Procurement

2013 ◽  
Author(s):  
Rob van der Noll
Keyword(s):  
Welfare Costs

Optimal Aggregate Consumption for Economic Growth

2015 ◽  
Author(s):  
Wilson N. Sy
Keyword(s):  
Economic Growth ◽  
Aggregate Consumption

Asset Pricing With and Without Garbage: Resurrecting Aggregate Consumption

2019 ◽  
Author(s):  
Stefanos Delikouras
Keyword(s):  
Asset Pricing ◽  
Aggregate Consumption

Welfare Costs of COVID-19: Evidence from U.S. Counties

2020 ◽  
Author(s):  
Hakan Yilmazkuday
Keyword(s):  
Welfare Costs
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