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...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Goodfriend, Marvin (VerfasserIn), King, Robert G. (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge National Bureau of Economic Research 2001.
Schriftenreihe:	NBER working paper series no. 8423
Schlagworte:	Price maintenance > United States. Monetary policy > United States. Inflation (Finance).
Online Zugang:	Download full text here