José-Víctor Ríos-Rull - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T16:14:36+00:00The Welfare Cost of Inflation Revisited: The Role of Financial Innovation and Household Heterogeneity
https://www.bankofcanada.ca/2018/08/staff-working-paper-2018-40/
We document that, across households, the money consumption ratio increases with age and decreases with consumption, and that there has been a large increase in the money consumption ratio during the recent era of very low interest rates. We construct an overlapping generations (OLG) model of money holdings for transaction purposes subject to age (older households use more money), cohort (younger generations are exposed to better transaction technology), and time effects (nominal interest rates affect money holdings).2018-08-23T10:51:42+00:00enThe Welfare Cost of Inflation Revisited: The Role of Financial Innovation and Household Heterogeneity2018-08-23Inflation: costs and benefitsStaff Working Paper 2018-40https://www.bankofcanada.ca/wp-content/uploads/2018/08/swp2018-40.pdfThe Welfare Cost of Inflation Revisited: The Role of Financial Innovation and Household HeterogeneityShutao CaoCésaire MehJosé-Víctor Ríos-RullYaz TerajimaAugust 2018EE2E21E4E41Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
https://www.bankofcanada.ca/2008/09/working-paper-2008-31/
Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major redistribution of wealth – between households and the government, between nationals and foreigners, and between households within the same country.2008-09-12T12:16:07+00:00enAggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting2008-09-12Economic modelsInflation and pricesInflation targetsInflation: costs and benefitsMonetary policy frameworkSectoral balance sheetWorking Paper 2008-31https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-31.pdfAggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level TargetingCésaire MehJosé-Víctor Ríos-RullYaz TerajimaSeptember 2008DD3D31EE2E21E3E31E4E44E5E52E6E63