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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 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 to full price.

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  • "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 to full price."
  • "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 to full price."@en

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  • "Livres électroniques"
  • "Congressi"
  • "Kongress"
  • "Conference proceedings"
  • "Conference proceedings"@en
  • "Electronic books"
  • "Electronic books"@en
  • "Conference papers and proceedings"

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  • "The costs and benefits of price stability : Papers presented at a NBER conference held at the Federal Reserve Bank of New York on Feb. 20-21, 1997"
  • "The Costs and benefits of price stability"
  • "The costs and benefits of price stability"
  • "The costs and benefits of price stability"@en
  • "The Costs and Benefits of Price Stability"@en
  • "The Costs and Benefits of Price Stability"

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