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...
| المؤلفون الرئيسيون: | , |
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| التنسيق: | كتاب |
| اللغة: | English |
| منشور في: |
Cambridge
National Bureau of Economic Research
2001.
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| سلاسل: | NBER working paper series
no. 8423 |
| الموضوعات: | |
| الوصول للمادة أونلاين: | Download full text here |