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Is noninflationary growth an oxymoron?

Author

Listed:
  • David E. Altig
  • Terry J. Fitzgerald
  • Peter Rupert

Abstract

A review of the theoretical and empirical case for disinflationary economic growth, showing that, contrary to popular wisdom, it is quite possible to have a booming economy without an acceleration in the price level.

Suggested Citation

  • David E. Altig & Terry J. Fitzgerald & Peter Rupert, 1997. "Is noninflationary growth an oxymoron?," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
    • Handle: RePEc:fip:fedcec:y:1997:i:may1
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