Citation

Discussion Paper Details

Please find the details for DP19 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: The Costs of Inflation: Some Theoretical Issues

Author(s): John Hardman Moore

Publication Date: May 1984

Keyword(s): Indexation of Loans, Inflation and Stock Market

Programme Area(s): Applied Macroeconomics

Abstract: Although for the most part this paper is concerned with others' work, it is not a survey of the literature. Notable omissions are: the shoe-leather effect, the Tobin effect, the real effects of nominal (government) institutions. The first part looks at the relationship between inflation, relative prices and inefficiency. Inter alia, there is a critique of the way the price misperceptions model has been used in applied work, and a new model of the effects of consumers thinking in nominal terms. The second part considers the consequences of, and possible reasons for, the non-indexing of loans. Finally, the relation between inflation and the stock market is discussed.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=19

Bibliographic Reference

Hardman Moore, J. 1984. 'The Costs of Inflation: Some Theoretical Issues'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=19