摘要
本文采用Lucas基于McCallum-Goodfriendmodel的具有微观基础的RBC理论方法,并运用Simonsen提出的估计式对1990~2004年间中国通货膨胀的福利损失进行测算,在10%的名义利率下,中国通货膨胀的福利损失约为实际产出的1.32%,略大于Lucas在2000年得出的美国通货膨胀的福利损失,但是,在近几年不高于4%的名义利率下,这种福利损失还是相对比较小的。
This paper investigates the welfare cost of inflation in China after 1990 with the method of Lucas under McCallum-Goodfriend model and the estimated equation of Simonsen.The conclusion is that the welfare cost of inflation in China is 1.32% more or less,a little bigger than that in the US estimated by Lucas in 2000.However the present inflation is under a mild level,which is less harmful to the society relatively.
出处
《中南财经政法大学研究生学报》
2006年第5期47-50,共4页
Journal of the Postgraduate of Zhongnan University of Economics and Law
关键词
利率
通货膨胀
福利损失
Interest Rate
Inflation
Welfare Cost
