Federal Reserve Bank of Minneapolis: 'The Welfare Costs of Inflation Reconsidered'
October 29, 2025
October 29, 2025
MINNEAPOLIS, Minnesota, Oct. 29 (TNSLrpt) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 675) on October 15, 2025, by Luca Benati and Juan Pablo Nicolini entitled "The Welfare Costs of Inflation Reconsidered."
Here are excerpts:
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Modern analysis of the welfare effects of monetary policy is based on moneyless models and therefore ignores the effect of inflation on the efficiency of transactions. A . . .
Here are excerpts:
* * *
Modern analysis of the welfare effects of monetary policy is based on moneyless models and therefore ignores the effect of inflation on the efficiency of transactions. A . . .