Holdings: The Welfare Cost of Inflation and the Regulations of Money Substitutes

The Welfare Cost of Inflation and the Regulations of Money Substitutes

This paper studies the possibility of using financial regulation that prohibits the use of money substitutes as a tool for mitigating the adverse effects of deviations from the Friedman rule. When inflation is not too high regulation aimed at elimi...

Full description

Bibliographic Details
Main Authors:	Eden, Benjamin, Eden, Maya
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	MONETARY POLICY DEPOSIT HOLDING INCENTIVE DURABLE GOODS GOVERNMENT BANK MARKET STRUCTURE DEPOSITS PRODUCTION LAGS SUPPLY CURVE PRIVATE LENDING INCOME INTEREST RATE OF RETURN LIQUIDITY CRISES MARGINAL COST VELOCITY OF MONEY MONEY SUPPLY GOVERNMENT SPENDING SAVINGS ACCOUNTS INTEREST RATE PORTFOLIO CHOICE OPTION EXCHANGE GOVERNMENT REVENUES BANKING SYSTEM LIQUIDITY ELASTICITY REAL INTEREST POLITICAL ECONOMY REVENUES PORTFOLIO WELFARE BONDS DISTRIBUTION LOAN BUDGET CONSTRAINTS TAX INCOME TAX SOCIAL COST GOVERNMENT BOND RETURNS TO SCALE PAYMENTS RESERVE TRANSACTION COST INFLATION INTERNATIONAL BANK LENDER BUDGET OPTIMUM ECONOMIC ACTIVITY CHOICE LABOR MARKET SAVINGS DERIVATIVES DEMAND FOR MONEY COSTS SHORT-TERM BONDS MORAL HAZARD CHECKING ACCOUNT RESERVE BANK DOLLAR PRICE MONEY CONTRACTS LOW INTEREST RATES TAX REGIME CONSTANT RETURNS TO SCALE EXCHANGE RATES LIQUIDITY CONSTRAINTS PRODUCTIVITY OPTIONS INTEREST RATES DEPOSIT ACCOUNTS DEBT MARKETS RETURN INFLATION RATE PUBLIC FINANCE DEPOSIT INSURANCE OPEN ECONOMY BOND OPTION POTENTIAL OUTPUT LABOR LOANS TAX REVENUES REAL INTEREST RATE UTILITY INVENTORY RESERVE REQUIREMENT FINANCE TAXES SAVINGS ACCOUNT EXPENDITURE TRANSACTIONS RESOURCES MARKET ECONOMY CHECKING ACCOUNTS TRANSACTION CONSUMPTION RISK NEUTRAL BUDGET CONSTRAINT FEDERAL RESERVE INTEREST PAYMENTS PRIVATE BANK GOOD TAX RATE AGGREGATE SUPPLY GOVERNMENT BUDGET FEDERAL RESERVE BANK FINANCIAL CRISIS VALUE RETURNS NATIONAL DEBT CREDIT MACROECONOMICS PRIVATE BONDS DEMAND UTILITY FUNCTION INCOME DISTRIBUTION CONTRACT INEFFICIENCY EXPENDITURES CONSUMERS
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25861087/welfare-cost-inflation-regulations-money-substitutes http://hdl.handle.net/10986/23730

Internet

http://documents.worldbank.org/curated/en/2016/02/25861087/welfare-cost-inflation-regulations-money-substitutes
http://hdl.handle.net/10986/23730

The Welfare Cost of Inflation and the Regulations of Money Substitutes

Internet

Similar Items