THE DISTRIBUTIONAL EFFECTS OF INFLATION IN AUSTRALIA 1980-1995
by
John Creedy & Justin Van de Ven
October 1996
Department of Economics. University of Melbourne. Parkville Victoria
3052 Australia
ABSTRACT
CONTENTS
1 Introduction
2 Welfare Effects of Price Changes
The linear expenditure system
Compensating and equivalent variations
Equivalent Incomes
3 Empirical Results
4 Conclusions
Prices and Commodity Groups
Estimation of the LES Using HES Data
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