Monetary policy, output and employment
This article discusses why output and employment are not included in the Bank's operating objectives, leaving price stability the sole objective.
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 177-196, April.
- Laurence Ball & David Romer, 1993. "Inflation and the Informativeness of Prices," NBER Working Papers 4267, 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.
- Laurence M. Ball, 1990. "Time-Consistent Policy and Persistent Changes in Inflation," NBER Working Papers 3529, National Bureau of Economic Research, Inc.
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