A Cost-Benefit Analysis of Going from Low Inflation to Price Stability in Spain
AbstractOne of the most significant economic developments of recent years in industrialized countries has been the increasing orientation of macroeconomic policies - and of monetary policies in particular - to achieving lower inflation rates. This has led to a move from low inflation to price stability in a number of countries and, in particular, in Spain. The purpose of this paper is to provide some empirical evidence on the net economic gains that have been obtained in the case of Spain from achieving inflation rates which are low enough to be considered consistent with a situation of price stability.
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Bibliographic InfoPaper provided by Banco de Espa�a in its series Banco de Espa�a Working Papers with number 9728.
Length: 61 pages
Date of creation: 1997
Date of revision:
COST-BENEFIT ANALYSIS ; INFLATION ; PRICES;
Other versions of this item:
- Juan Dolado, 1999. "A Cost-Benefit Analysis of Going from Low Inflation to Price Stability in Spain," NBER Chapters, in: The Costs and Benefits of Price Stability, pages 95-132 National Bureau of Economic Research, Inc.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
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- Monika Blaszkiewicz & Jerzy Konieczny & Anna Myslinska & Przemyslaw Wozniak, 2003.
"Some Benefits of Reducing Inflation in Transition Economies,"
CASE Network Studies and Analyses
0251, CASE-Center for Social and Economic Research.
- Blaszkiewicz, Monika & Konieczny, Jerzy & Myslinska, Anna & Radziwiland, Artur & Wozniak, Przemyslaw, 2002. "Some benefits of reducing inflation in transition economies," BOFIT Discussion Papers 16/2002, Bank of Finland, Institute for Economies in Transition.
- Monika Blaszkiewicz & Jerzy Konieczny & Anna Myslinskaa & Artur Radziwil & Przemyslaw Wozniak, 2003. "Some benefits of reducing inflation in transition economies," Macroeconomics 0303004, EconWPA.
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