Seigniorage and the welfare cost of inflation in Colombia

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Revista Ensayos Sobre Política Económica; Vol. 19. No. 39. Junio, 2001. Pág.: 115-131.
Date published
2001-06-01
Date of last update
2001-06
Author
López-Piñeros, Martha Rosalba
Identifier
0120-4483
Document language
eng
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Abstract
We compute both seigniorage rate and welfare costo f inflation rate in Colombia using a Sidrauski-type model in which preferentes are nonseparable functions of the service flows of non - durable goods and money holdings.
JEL Codes
P24 - Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; InflationE51 - Money Supply; Credit; Money MultipliersL11 - Production, Pricing, and Market Structure; Size Distribution of Firms
Subject
Economía del bienestar ; Política monetaria ; Política económica ; Colombia ;
Keywords
Welfare economics ; Monetary policy ; Economic policy ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/3236
https://hdl.handle.net/20.500.12134/3236
https://doi.org/10.32468/Espe.3903
https://ideas.repec.org/a/bdr/ensayo/v19y2001i39p115-131.html
https://ideas.repec.org/a/col/000107/005353.html
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