Costs and Benefits of reducing the Inflation Rate in Costa Rica

This paper identifies the cost in welfare terms of reducing the inflation leveland compares it with the expected benefits. The costs are measured followingthe consumer surplus approach for which a money demand function forCosta Rica is estimated. The benefits are estimated discounting the expectedim...

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Detalles Bibliográficos
Autores principales: Editorial, Universidad Nacional de Costa Rica (EUNA), Banco Central de Costa Rica (BCCR), Barquero Romero, Jose Pablo; Banco Central de Costa Rica
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Universidad Nacional - Escuela de Economía 2014
Materias:
cost of inflation; welfare.
costo de la inflación; bienestar
Acceso en línea:http://www.revistas.una.ac.cr/index.php/economia/article/view/6048
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-008&d=article6048oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-article6048oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Español
topic cost of inflation; welfare.
costo de la inflación; bienestar
spellingShingle cost of inflation; welfare.
costo de la inflación; bienestar
Editorial, Universidad Nacional de Costa Rica (EUNA), Banco Central de Costa Rica (BCCR)
Barquero Romero, Jose Pablo; Banco Central de Costa Rica
Costs and Benefits of reducing the Inflation Rate in Costa Rica
topic_facet cost of inflation; welfare.
costo de la inflación; bienestar
description This paper identifies the cost in welfare terms of reducing the inflation leveland compares it with the expected benefits. The costs are measured followingthe consumer surplus approach for which a money demand function forCosta Rica is estimated. The benefits are estimated discounting the expectedimprovement in the level of production due to the lower inflation. Bothestimations are compared and the net result for the 2008-2010 disinflationaryprocess is obtained. Finally, alternative future policies oriented to continuewith the disinflationary process are simulated and their results are evaluated.
format Artículo
publishedVersion
Artículo
publishedVersion
author Editorial, Universidad Nacional de Costa Rica (EUNA), Banco Central de Costa Rica (BCCR)
Barquero Romero, Jose Pablo; Banco Central de Costa Rica
author_facet Editorial, Universidad Nacional de Costa Rica (EUNA), Banco Central de Costa Rica (BCCR)
Barquero Romero, Jose Pablo; Banco Central de Costa Rica
author_sort Editorial, Universidad Nacional de Costa Rica (EUNA), Banco Central de Costa Rica (BCCR)
title Costs and Benefits of reducing the Inflation Rate in Costa Rica
title_short Costs and Benefits of reducing the Inflation Rate in Costa Rica
title_full Costs and Benefits of reducing the Inflation Rate in Costa Rica
title_fullStr Costs and Benefits of reducing the Inflation Rate in Costa Rica
title_full_unstemmed Costs and Benefits of reducing the Inflation Rate in Costa Rica
title_sort costs and benefits of reducing the inflation rate in costa rica
publisher Universidad Nacional - Escuela de Economía
publishDate 2014
url http://www.revistas.una.ac.cr/index.php/economia/article/view/6048
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-008&d=article6048oai
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