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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Главные авторы:	Goodfriend, Marvin (Автор), King, Robert G. (Автор)
Формат:	‌
Язык:	English
Опубликовано:	Cambridge National Bureau of Economic Research 2001.
Серии:	NBER working paper series no. 8423
Предметы:	Price maintenance > United States. Monetary policy > United States. Inflation (Finance).
Online-ссылка:	Download full text here