Norbert G J Janssen
Biographic Data
| ID | 5735342 |
|---|---|
| NAME | Norbert G J Janssen |
| GIVEN NAMES | Norbert G J |
| FAMILY NAME | Janssen |
| SIGNATURE | JANSSEN N G J |
| AFFILIATIONS | Bank of England |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 1998 |
| H-INDEX | 0 |
Shoe‐leather Costs Reconsidered
It has recently been suggested by Robert Lucas that `shoe-leather' costs of inflation may amount to as much as 1% of GNP in the United States. This paper assesses the UK evidence for the period 1970-1994. Similar estimates to those of Lucas are found using his original specification, but a preferred functional form using a semi-log interest elasticity of demand for money reveals a 0.22 % of GNP gain in perpetuity following a sustained fall in nom…
No prominent works on this page.
Shoe‐leather Costs Reconsidered
It has recently been suggested by Robert Lucas that `shoe-leather' costs of inflation may amount to as much as 1% of GNP in the United States. This paper assesses the UK evidence for the period 1970-1994. Similar estimates to those of Lucas are found using his original specification, but a preferred functional form using a semi-log interest elasticity of demand for money reveals a 0.22 % of GNP gain in perpetuity following a sustained fall in nom…
Econometrics (1 work) · Economic Theory and Policy (1 work) · Economics (1 work) · Elasticity (physics (1 work) · Finance (1 work) · Finance (1 work) · Fiscal Policy and Economic Growth (1 work) · Inflation (cosmology (1 work) · Interest rate (1 work) · Microeconomics (1 work)