ESTIMATING THE WELFARE COST OF INFLATION IN THE IRANIAN ECONOMY

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

BAKHTIARI SADEGH; SAMAD POOR NARGES

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Economic Studies and Policies Year:2011 | Volume:7 (17) | Issue:1 (84) Page(s): 3-16

Download Full-Text

Persian Verion

View:

1,104

Download:

Cites:

Information Journal Paper

Title

ESTIMATING THE WELFARE COST OF INFLATION IN THE IRANIAN ECONOMY

Author(s)

BAKHTIARI SADEGH | SAMAD POOR NARGES | Issue Writer Certificate

Keywords

DEMAND FOR MONEYQ2

INFLATIONQ2

OPTIMUM QUANTITY OF MONEYQ2

WELFARE COST OF INFLATIONQ2

Abstract

Inflation has negative effects on economic welfare in different ways. In other words, it may cause welfare costs for society. Many studies indicate that there is a positive and statistically significant relationship between monetary policy and INFLATION, particularly in developing countries including Iran. Estimation of welfare cost of INFLATION may help policy makers as well as monetary authorities to evaluate the welfare effects of their policies and decide how to proceed. This paper defines a money demand function for Iran's money market, then by applying advanced econometrics techniques and based on Lucas Logarithmic model (2000) and Caygan’s semi log version (1956), the welfare cost of INFLATION is estimated for the period of 1958-2007.The results indicate that if the INFLATION rate increase from 3 percent to 15 percent, the welfare cost of INFLATION based on the logarithmic model would increase from 0.14 percent of GDP to 1.7 percent of GDP and based on the semi logarithmic model, from 0.12 GDP to 2.3 percent of GDP. The paper argues that the semi logarithmic model is more appropriate for calculating welfare cost of INFLATION in Iran.

Cites

CALCULATION OF WELFARE COSTS OF INFLATION IN IRAN

References

THE WELFARE COST OF INFLATION: AN EXTENSION OF THE LUCAS MODEL AND NEW EVIDENCE

Cite

APA: Copy

BAKHTIARI, SADEGH, & SAMAD POOR, NARGES. (2011). ESTIMATING THE WELFARE COST OF INFLATION IN THE IRANIAN ECONOMY. JOURNAL OF ECONOMIC STUDIES AND POLICIES, 7 (17)(1 (84)), 3-16. SID. https://sid.ir/paper/219056/en

Vancouver: Copy

BAKHTIARI SADEGH, SAMAD POOR NARGES. ESTIMATING THE WELFARE COST OF INFLATION IN THE IRANIAN ECONOMY. JOURNAL OF ECONOMIC STUDIES AND POLICIES[Internet]. 2011;7 (17)(1 (84)):3-16. Available from: https://sid.ir/paper/219056/en

IEEE: Copy

SADEGH BAKHTIARI, and NARGES SAMAD POOR, “ESTIMATING THE WELFARE COST OF INFLATION IN THE IRANIAN ECONOMY,” JOURNAL OF ECONOMIC STUDIES AND POLICIES, vol. 7 (17), no. 1 (84), pp. 3–16, 2011, [Online]. Available: https://sid.ir/paper/219056/en

Related Journal Papers