PRIVATIZATION AND CHANGES IN WELFARE COSTS OF INFLATION - THE CASE OF ENTEL ARGENTINA
成果类型：
Article
署名作者：
ABDALA, MA
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)01404-X
发表日期：
1994
页码：
465-493
关键词：
摘要：
In a country with permanent deficit-driven inflation problems, the proceeds from privatization may translate into potential reductions of the seigniorage needed to finance a given a level of government expenditure. The changes in welfare costs of inflation brought about by divestiture are quantified in a monetary model. In an Argentine case study, these changes were found to be small, both in terms of GDP and as a percentage of seigniorage revenue. Within the model, this is mainly explained by the low values encountered for the elasticities of money demand with respect to expected inflation, and by the exclusion of considerations about unanticipated inflation.
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