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...
Main Authors: | , |
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格式: | 圖書 |
語言: | English |
出版: |
Cambridge
National Bureau of Economic Research
2001.
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叢編: | NBER working paper series
no. 8423 |
主題: | |
在線閱讀: | Download full text here |