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...
Hlavní autoři: | , |
---|---|
Médium: | Kniha |
Jazyk: | English |
Vydáno: |
Cambridge
National Bureau of Economic Research
2001.
|
Edice: | NBER working paper series
no. 8423 |
Témata: | |
On-line přístup: | Download full text here |