Inflation, the Payments Period, and the Demand for Money

@article{Barro1970InflationTP,
  title={Inflation, the Payments Period, and the Demand for Money},
  author={Robert J. Barro},
  journal={Journal of Political Economy},
  year={1970},
  volume={78},
  pages={1228 - 1263}
}
  • R. Barro
  • Published 1 November 1970
  • Economics
  • Journal of Political Economy
Part I of this paper develops a model of economic response to inflation. Sections A, B, and C consider the maximizing behavior of employers and employees in the context of a steady rate of inflation. Since the rate of price change can be translated into an effective cost of holding money, a higher rate provides increased incentive for economizing on cash balances. Two methods of economizing are considered: first, (Sections A and B), reductions of the time interval between various types of… 
Inflationary Finance and the Welfare Cost of Inflation
  • R. Barro
  • Economics
    Journal of Political Economy
  • 1972
This paper applies previous theoretical and empirical results on inflation and demand for money to a study of inflationary finance and the welfare cost of inflation. The amount of revenue generated
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