Work

Divisia broad money, financial regulation and the welfare cost of inflation

Year: 2025

Type: article

Abstract: This paper argues that the welfare gains from reduced inflation calculated using Divisia broad money is biased upwards by the exclusion of Money Market Deposit Accounts from the Divisia index in the late 1970s and early 1980s.

Source: Newcastle University ePrints (Newcastle Univesity)

DOI: 10.57711/0ja8-v888

Author: Barlow D

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W7079979890

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