{"id":"https://openalex.org/W1513601948","doi":"https://doi.org/10.4324/9780203070710.ch11","title":"The Inflation Tax in a Real Business Cycle Model","display_name":"The Inflation Tax in a Real Business Cycle Model","publication_year":1998,"publication_date":"1998-06-26","ids":{"openalex":"https://openalex.org/W1513601948","doi":"https://doi.org/10.4324/9780203070710.ch11","mag":"1513601948"},"language":"en","primary_location":{"id":"doi:10.4324/9780203070710.ch11","doi":"https://doi.org/10.4324/9780203070710.ch11","is_oa":false,"landing_page_url":"https://doi.org/10.4324/9780203070710.ch11","pdf_url":null,"source":{"id":"https://openalex.org/S4306463855","display_name":"Routledge eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Real Business Cycles","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W4241181785","display_name":"Real Business Cycles"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5108288846","display_name":"Thomas F. Cooley","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Thomas Cooley","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5013510933","display_name":"Gary D. Hansen","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Gary Hansen","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":178.012,"has_fulltext":false,"cited_by_count":834,"citation_normalized_percentile":{"value":1.0,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":100},"biblio":{"volume":null,"issue":null,"first_page":"200","last_page":"215"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.986299991607666,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.986299991607666,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.013100000098347664,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-tax","display_name":"inflation tax","score":0.9980000257492065},{"id":"https://openalex.org/keywords/real-business-cycle-model","display_name":"real business cycle model","score":0.8999999761581421},{"id":"https://openalex.org/keywords/cash-in-advance-constraint","display_name":"cash-in-advance constraint","score":0.9869999885559082},{"id":"https://openalex.org/keywords/welfare-cost-of-inflation","display_name":"welfare cost of inflation","score":0.9100000262260437},{"id":"https://openalex.org/keywords/steady-state-characteristics","display_name":"steady-state characteristics","score":0.6539999842643738},{"id":"https://openalex.org/keywords/business-cycle-persistence","display_name":"business cycle persistence","score":0.4860000014305115}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7882685661315918},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.7560776472091675},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7475225329399109},{"id":"https://openalex.org/C2778943661","wikidata":"https://www.wikidata.org/wiki/Q478641","display_name":"Inflation tax","level":3,"score":0.6464582681655884},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.48793479800224304},{"id":"https://openalex.org/C2775891139","wikidata":"https://www.wikidata.org/wiki/Q5503697","display_name":"Friedman rule","level":3,"score":0.4874172508716583},{"id":"https://openalex.org/C2776036281","wikidata":"https://www.wikidata.org/wiki/Q48769818","display_name":"Constraint (computer-aided design)","level":2,"score":0.4574962258338928},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4220546782016754},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.3611685037612915},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.3582497835159302},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.34871596097946167},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3285727798938751},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.09858807921409607},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.4324/9780203070710.ch11","doi":"https://doi.org/10.4324/9780203070710.ch11","is_oa":false,"landing_page_url":"https://doi.org/10.4324/9780203070710.ch11","pdf_url":null,"source":{"id":"https://openalex.org/S4306463855","display_name":"Routledge eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Real Business Cycles","raw_type":"book-chapter"},{"id":"pmh:oai:RePEc:cla:uclawp:496","doi":null,"is_oa":false,"landing_page_url":"http://www.econ.ucla.edu/workingpapers/wp496.pdf","pdf_url":"http://www.econ.ucla.edu/workingpapers/wp496.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1513601948","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:cla:uclawp:496","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:aea:aecrev:v:79:y:1989:i:4:p:733-48","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0002-8282%28198909%2979%3A4%3C733%3ATITIAR%3E2.0.CO%3B2-F&origin=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.6700000166893005,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":4,"referenced_works":["https://openalex.org/W1564847193","https://openalex.org/W2086967887","https://openalex.org/W2128334889","https://openalex.org/W2133050755"],"related_works":["https://openalex.org/W2243809650","https://openalex.org/W83196681","https://openalex.org/W2093068507","https://openalex.org/W2069287360","https://openalex.org/W1551705089","https://openalex.org/W2954658126","https://openalex.org/W2908964415","https://openalex.org/W1910815949","https://openalex.org/W1595593827","https://openalex.org/W2285633760"],"abstract_inverted_index":{"Money":[0],"is":[1,15,23,50,73],"incorporated":[2],"into":[3],"a":[4,10,68],"real":[5],"business":[6,21,89],"cycle":[7,22,90],"model":[8,14],"using":[9],"cash-in-advance":[11],"constraint.":[12],"The":[13,43,64,85],"used":[16],"to":[17,31,75],"analyze":[18,32],"whether":[19],"the":[20,33,38,47,53,88,92,101],"different":[24],"in":[25,37,94],"high-inflation":[26],"and":[27,30,52,58,80,96],"low-inflation":[28],"economies":[29,61],"impact":[34],"of":[35,41,46,56,67,83,87],"variability":[36],"growth":[39],"rate":[40],"money.":[42],"welfare":[44,65],"cost":[45,66],"inflation":[48,60,72,98],"tax":[49],"measured":[51],"steady-state":[54,102],"properties":[55],"high":[57,95],"low":[59,97],"are":[62,91],"compared.":[63],"sustained":[69],"(10":[70],"percent)":[71],"estimated":[74],"be":[76,105],"between":[77],"0.11":[78],"percent":[79,82],"0.4":[81],"GNP.":[84],"features":[86],"same":[93],"economies,":[99],"but":[100],"paths":[103],"may":[104],"quite":[106],"different.":[107],"Copyright":[108],"1989":[109],"by":[110],"American":[111],"Economic":[112],"Association.":[113]},"counts_by_year":[{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":11},{"year":2022,"cited_by_count":11},{"year":2021,"cited_by_count":16},{"year":2020,"cited_by_count":15},{"year":2019,"cited_by_count":13},{"year":2018,"cited_by_count":19},{"year":2017,"cited_by_count":14},{"year":2016,"cited_by_count":15},{"year":2015,"cited_by_count":13},{"year":2014,"cited_by_count":18},{"year":2013,"cited_by_count":18},{"year":2012,"cited_by_count":36}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}
