Custos de bem-estar da inflação no Brasil: uma comparação das estimativas de equilíbrio parcial e geral
The purpose of this paper is to estimate the welfare costs of inflation for the Brazilian economy using a general equilibrium approach and to compare the results with the ones traditionally obtained, which are based on a partial equilibrium approach. The period studied is 1975I-1996IV. It is found...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade de São Paulo
2003-06-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | https://www.revistas.usp.br/ecoa/article/view/220207 |
| Summary: | The purpose of this paper is to estimate the welfare costs of inflation for the Brazilian economy using a general equilibrium approach and to compare the results with the ones traditionally obtained, which are based on a partial equilibrium approach. The period studied is 1975I-1996IV. It is found a 2% of GDP welfare cost for an inflation rate of 10%. This result is higher than the one found by Pastore (1997) for the same inflation rate but using a partial equilibrium approach.
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| ISSN: | 1413-8050 1980-5330 |