The case for zero inflation
AbstractAn argument that a monetary policy aimed at eliminating long-run inflation would benefit society by removing price distortion, increasing economic growth, adding liquidity to the economy, and reducing uncertainty associated with price-level drift.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (1988)
Issue (Month): Sep 15 ()
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- Le, Vo Phuong Mai & Minford, Patrick, 2007.
"Optimising indexation arrangements under Calvo contracts and their implications for monetary policy,"
Cardiff Economics Working Papers
E2007/7, Cardiff University, Cardiff Business School, Economics Section.
- Le, Vo Phuong Mai & Minford, Patrick, 2007. "Optimising Indexation Arrangements under Calvo Contracts and their Implications for Monetary Policy," CEPR Discussion Papers 6325, C.E.P.R. Discussion Papers.
- Coulombe, Serge, 1998. "A Non-Paradoxical Interpretation of the Gibson Paradox," Working Papers 98-22, Bank of Canada.
- Samantha Johnson, 1993. "The costs of inflation revisited," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 56, March.
- William T. Gavin & Alan C. Stockman, 1991. "Why a rule for stable prices may dominate a rule for zero inflation," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 2-8.
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