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The costs and benefits of price stability /
In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate o...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Chicago :
University of Chicago Press,
1999.
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| Colección: | Conference report (National Bureau of Economic Research)
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation t. |
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| Notas: | Papers presented at a NBER conference held at the Federal Reserve Bank of New York on Feb. 20-21, 1997. |
| Descripción Física: | 1 online resource (x, 360 pages) |
| Bibliografía: | Includes bibliographical references and indexes. |
| ISBN: | 9780226241760 0226241769 1281223379 9781281223371 9786611223373 6611223371 |