The case for price stability
Reasoning within the New Neoclassical Synthesis (NNS) we previously recommended that price stability should be the primary objective of monetary policy. We called this a neutral policy because it keeps output at its potential, defined as the outcome of an imperfectly competitive real business cycle...
| Auteurs principaux: | , |
|---|---|
| Format: | Livre |
| Langue: | English |
| Publié: |
Cambridge
National Bureau of Economic Research
2001.
|
| Collection: | NBER working paper series
no. 8423 |
| Sujets: | |
| Accès en ligne: | Download full text here |