Digitale Medien
Oxford, UK; Malden, USA
:
Blackwell Publishing Ltd/Inc.
Bulletin of economic research
56 (2004), S. 0
ISSN:
1467-8586
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Wirtschaftswissenschaften
Notizen:
The paper examines whether inflation systematically distorts the informational content of price signals. A shadow cost function is specified, and the deviation of shadow from actual prices is modeled as a function of the level of economy-wide inflation, as well as other conditioning variables like budget deficits and changes in inflation rate. It is found that inflation is associated with significant allocative costs in most Greek manufacturing sectors. Measures of cost gains resulting from Greece's convergence towards the EMU are provided and the policy implications are explored.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/j.1467-8586.2004.00201.x
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