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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2007, Vol. 2 Issue (4) : 490-519
Study of the welfare cost of infl ation in China
CHEN Yanbin1, MA Lili2
1.School of Economics, Renmin University of China, Beijing 100872, China; 2.School of Economics and Management, Wuhan University, Wuhan 430072, China
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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.
Issue Date: 05 December 2007
 Cite this article:   
CHEN Yanbin,MA Lili. Study of the welfare cost of infl ation in China[J]. Front. Econ. China, 2007, 2(4): 490-519.
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