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...

Täydet tiedot

Bibliografiset tiedot

Päätekijät:	Goodfriend, Marvin (Tekijä), King, Robert G. (Tekijä)
Aineistotyyppi:	Kirja
Kieli:	English
Julkaistu:	Cambridge National Bureau of Economic Research 2001.
Sarja:	NBER working paper series no. 8423
Aiheet:	Price maintenance > United States. Monetary policy > United States. Inflation (Finance).
Linkit:	Download full text here