{"product_id":"measuring-welfare-cost-of-inflation-von-lian-wang","title":"Measuring Welfare Cost of Inflation","description":"\u003cp\u003eRevision with unchanged content. Why should central banks fight against inflation? To answer this question,  understanding the magnitude of welfare cost of inflation is important and  becomes an active research field. Economists always make some assumptions  to simplify the model from reality so that the model is tractable. But at the  same time, these simplifications may affect the clear view on the source of  inflation cost and affect the way to measure the cost of inflation. This book  analyzes the welfare cost of inflation in a general equilibrium framework that  takes into account more realistic factors in the real world, a framework with  more generalized model settings of money demand side and money supply  side. On the money demand side, interest-bearing deposits are introduced by  applying the monetary aggregation theory; on the supply side, a banking  sector is established to produce interest-bearing deposits. The research  should be useful for central bankers and researchers who are conducting research  on the policy of central banks, and should benefit economist, econometricians,  and anyone else who are interested in general equilibrium  model or nonlinear threshold estimation.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783639432084\"\u003e\u003ch3\u003eStudy in Generalized General Equilibrium Models\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783639432084","offer_id":39489899200605,"sku":"9783639432084","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/294187a9-962d-4402-b682-a87a2d807e6a.jpg?v=1776492633","url":"https:\/\/shop.autorenwelt.de\/en\/products\/measuring-welfare-cost-of-inflation-von-lian-wang","provider":"Autorenwelt Shop","version":"1.0","type":"link"}