The welfare cost of inflation under imperfect insurance

Saving and Uncertainty: The Precautionary Demand for Saving

1968 • 1,324 citations

The Inflation Tax in a Real Business Cycle Model

1998 • 780 citations

Consumption decisions under uncertainty

1972 • 593 citations

Cost of Business Cycles with Indivisibilities and Liquidity Constraints

1989 • 501 citations

The Welfare Cost of Inflationary Finance

1956 • 471 citations

The permanent income hypothesis: A theoretical formulation

1977 • 440 citations

THE WELFARE COST OF INFLATIONARY FINANCE

1956 • 394 citations

Towards an understanding of the costs of inflation: II

1981 • 301 citations

Borrowing Constraints and Aggregate Economic Activity

1986 • 290 citations

A Transactions-Based Model of the Monetary Transmission Mechanism

1982 • 281 citations

An income fluctuation problem

1976 • 138 citations

Discussion of : Stanley Fischer, “towards an understanding of the costs of inflation: II”

1981 • 91 citations

Asset Returns With Transactions Costs And Uninsured Individual Risk: A Stage Iii Exercise

1990 • 42 citations

The Optimum Quantity of Money Revisited

1990 • 37 citations

Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations

1985 • 3 citations