It takes the average reader and 34 minutes to read Welfare Costs of Inflation, Seigniorage, and Financial innovation by Mr.Jose De Gregorio
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of inflation is equivalent to financial innovation. This can be caused by paying interest on deposits, indexing money, or “dollarizing.” Results indicate that financial innovation raises welfare in low inflation economies while reducing it in high inflation economies, due to the offsetting indirect effect of higher inflation to finance the budget.
Welfare Costs of Inflation, Seigniorage, and Financial innovation by Mr.Jose De Gregorio is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Welfare Costs of Inflation, Seigniorage, and Financial innovation aloud.
Welfare Costs of Inflation, Seigniorage, and Financial innovation is suitable for students ages 8 and up.
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