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...

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Bibliografiska uppgifter

Huvudupphovsmän:	Goodfriend, Marvin (Författare, medförfattare), King, Robert G. (Författare, medförfattare)
Materialtyp:	Bok
Språk:	English
Publicerad:	Cambridge National Bureau of Economic Research 2001.
Serie:	NBER working paper series no. 8423
Ämnen:	Price maintenance > United States. Monetary policy > United States. Inflation (Finance).
Länkar:	Download full text here