Abstracts - faqs.org

Abstracts

Economics

Search abstracts:
Abstracts » Economics

The welfare cost of inflation in a cash-in-advance economy with costly credit

Article Abstract:

A study was conducted to examine an extension of the cash-in-advance economic model. The model describes how a consumer decides to buy certain goods with either cash or costly credit given information on relative price markets. Results show that margins of substitution condition inflation's welfare cost. In addition, consumers will try to avoid inflation by applying credit terms which generate greater welfare costs.

Author: Gillman, Max
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1993
Economic aspects, Inflation (Finance), Inflation (Economics)

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Welfare-improving credit controls

Article Abstract:

An analysis of credit controls is presented. The analysis follows earlier findingswhich conclude that such controls lead to inefficient resource allocation. It is shown that the opposite case holds true. The current result is validated by a general equilibrium, multi-good model where spatial separation is a factor and where cash and trade credit are variables of exchange in a steady state condition.

Author: Shreft, Stacey L.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1992
Monetary policy

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Dynamic credit relationships in general equilibrium

Article Abstract:

Effect of dynamic contracts on asymmetric information is studied with the use of a general equilibrium model.

Author: Smith, Anthony A.Jr., Wang, Cheng
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
United States, Analysis, Commercial credit, Management contracts, Information asymmetry

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Research, Welfare economics, Models, Equilibrium (Economics)
Similar abstracts:
  • Abstracts: Asset returns and inflation in a cash-in-advance economy. Capital mobility and anticipated inflation with cash-in-advance constraints
  • Abstracts: The market reaction to announced deep cuts in capital expenditures. Accounting methods and managerial discretion: the case of dollar-value LIFO
  • Abstracts: Duration of unemployment in Spain: relative effects of unemployment benefit and family characteristics. Regional earnings and unemployment: a simultaneous approach
  • Abstracts: Modelling price dispersion as an outcome of competition in the Irish grocery market. Barrier and queue effects: a study of leading US supermarket chain entry patterns
  • Abstracts: Commercial credit crunch. You have now entered the Bowie Bond Era. Closing the deal
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.