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Monetary Policy and Inflation: From Theory to Practice

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  • Viñals, José
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    Abstract

    This paper addresses a number of questions which are essential to a proper understanding of the causes and effects of the inflationary process and to an assessment of the contribution of monetary policy to the achievement of long-term price stability. These questions are: (1) what are the economic costs of inflation? (2) what part does monetary policy play in the short- and medium-term evolution of inflation? (3) what are the most appropriate monetary policy strategies for fighting inflation?

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    File URL: http://www.cepr.org/pubs/dps/DP1821.asp
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    Bibliographic Info

    Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1821.

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    Date of creation: Mar 1998
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    Handle: RePEc:cpr:ceprdp:1821

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    Related research

    Keywords: costs of inflation; Inflation; Monetary Policy; strategy;

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    Cited by:
    1. Javier Valles & Jose Vinals, 1999. "On the real effects of the monetary policy: A central banker's view," Working Papers 38, Oesterreichische Nationalbank (Austrian Central Bank).
    2. Wyplosz, Charles, 1999. "Towards A More Perfect EMU," CEPR Discussion Papers 2252, C.E.P.R. Discussion Papers.

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