The Causes, Costs and Compensations of Inflation

The Causes, Costs and Compensations of Inflation

An Investigation of Three Problems in Monetary Theory

William Oliver Coleman

This book explores the causes, costs and benefits of inflation. It argues that while the cause of inflation is essentially monetary, the costs and benefits of inflation lie in inflation’s distortion of the economy's responses to real shocks.

Chapter 10: The Cost of Inflation as the Cost of Moneylessness

William Oliver Coleman

Subjects: economics and finance, economic psychology, financial economics and regulation, history of economic thought


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