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A price objective for monetary policy

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Author Info
William T. Gavin
Alan C. Stockman

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Abstract

An argument that the Federal Reserve, by targeting a long-run path for the price level, could achieve its price-stability objective without inhibiting its short-term goals.

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File URL: http://www.clevelandfed.org/Research/commentary/1992/0401.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (1992)
Issue (Month): Apr 1 ()
Pages:
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Handle: RePEc:fip:fedcec:y:1992:i:apr1

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Related research
Keywords: Monetary policy;

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. David Altig, 1992. "An ebbing tide lowers all boats: monetary policy, inflation, and social justice," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 14-22. [Downloadable!]
  2. Charles T. Carlstrom & Timothy S. Fuerst, 2001. "Real indeterminacy in monetary models with nominal interest rate distortions: the problem with inflation targets," Working Paper 9818R, Federal Reserve Bank of Cleveland. [Downloadable!]
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This page was last updated on 2009-12-15.

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