Abstract：Inflation is always an important indicator to measure whether economy is stable and healthy. This paper provides a substantive survey of the research on the welfare cost of inflation, and uses the methods of consumer’s surplus and neo-classical general equilibrium models respectively to estimate the welfare cost of inflation in China. The results show that high inflation will cause huge welfare cost in China, so keeping low inflation is beneficial to the entire economic welfare of China.
出版日期: 2007-12-05
引用本文:
. Study of the welfare cost of infl ation in China[J]. Frontiers of Economics in China, 2007, 2(4): 490-519.
CHEN Yanbin, MA Lili. Study of the welfare cost of infl ation in China. Front. Econ. China, 2007, 2(4): 490-519.
