| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w0303 |
| 来源ID | Working Paper 0303 |
| Towards An Understanding of the Real Effects and Costs of Inflation | |
| Stanley Fischer; Franco Modigliani | |
| 发表日期 | 1978-11-01 |
| 出版年 | 1978 |
| 语种 | 英语 |
| 摘要 | The organization of the paper is simple. We start by examining the real effects of anticipated inflation in an economy that has fully adapted to inflation. In particular, in this economy: (i) public institutions are fully attuned to inflation (or inflation proof), (ii) the same is true of private institutions, (iii) current and future inflation is fully reflected in inherited contracts, and (iv) future inflation is fully reflected in contracts for the future. After we have discussed the effects of anticipated inflation in this environment, we examine the real effects of inflation that arise as the assumptions (i) to (iv) are dropped one after the other. The effects cumulate in the sense that those present in the economy that has fully adapted to inflation are also present in economies with non-inflation proof institutions, and so on. |
| URL | https://www.nber.org/papers/w0303 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557476 |
| 推荐引用方式 GB/T 7714 | Stanley Fischer,Franco Modigliani. Towards An Understanding of the Real Effects and Costs of Inflation. 1978. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w0303.pdf（416KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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