rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: On the causes and effects of inflation uncertainty
  name:
    name part: Powers, Dennis Edward
    name part: 1966-
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: xx
    date issued: 1995
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: viii, 87 leaves ; 28 cm.
  abstract: This dissertation examines two interrelated aspects of the problem of inflation uncertainty. The first is an examination of the cause for a, positive relationship between expected inflation and the uncertainty of inflation. The second is the identification of the welfare effects of inflation uncertainty. In regards to the first, it is shown that there is a fundamental reason for the existence of positive relationship between expected inflation and inflation uncertainty. This is due to what is termed the amplification effects. These amplification effects are present when either there is real uncertainty in the economy, or when monetary policy is uncertain. In regards to the second, the welfare effects of inflation uncertainty are examined in a model where money is valued for its liquidity services. Another important feature of this model is the presence of a substitute for money in providing liquidity services. In other general equilibrium models of money it has been difficult to identify any negative welfare effects of inflation uncertainty. In fact, some have argued that inflation uncertainty may actually be welfare improving. The model presented in the dissertation finds significant welfare effects of inflation uncertainty.
  note: by Dennis Edward Powers.
  note: Vita.
  note: "Major Subject: Economics".
  note: Issued also on microfiche from University Microfilms Inc.
  note: Includes bibliographical references.
  note: Ph. D. Texas A&M University 1995.
  subject:
    topic: Major economics
  identifier: 96-15870 UMI
  identifier: http://hdl.handle.net/1969.1/DISSERTATIONS-1575793
  identifier: http://proxy.library.tamu.edu/login
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    location:
      url: http://hdl.handle.net/1969.1/DISSERTATIONS-1575793
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  record info:
    record content source: TXA
    record creation date: 961010
    record change date: 20210803090648.0
    record identifier: in00001321346