Monetary policy, output and employment
AbstractThis article discusses why output and employment are not included in the Bank's operating objectives, leaving price stability the sole objective.
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Bibliographic InfoArticle provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.
Volume (Year): 57 (1994)
Issue (Month): (December)
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- Ball, Laurence & Romer, David, 2003.
" Inflation and the Informativeness of Prices,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 35(2), pages 177-96, April.
- Laurence M. Ball, 1990.
"Time-Consistent Policy and Persistent Changes in Inflation,"
NBER Working Papers
3529, National Bureau of Economic Research, Inc.
- Ball, Laurence, 1995. "Time-consistent policy and persistent changes in inflation," Journal of Monetary Economics, Elsevier, vol. 36(2), pages 329-350, November.
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