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Summary panel: reflections on monetary policy at low inflation

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Author Info
Michael Mussa
Abstract

Operating monetary policy in a low-inflation environment is probably easier, and is certainly more constructive for the economy, than operating it in a high inflation environment.

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Publisher Info
Article provided by Federal Reserve Bank of Boston in its journal Conference Series ; [Proceedings].

Volume (Year): (2000)
Issue (Month): ()
Pages: 1100-1106
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Handle: RePEc:fip:fedbcp:y:2000:p:1100-1106

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Related research
Keywords: Interest rates ; Monetary policy ; Inflation (Finance);

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  1. Peter Ireland, 2005. "The liquidity trap, the real balance effect, and the Friedman rule," Working Papers 05-3, Federal Reserve Bank of Boston. [Downloadable!]
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