La ce e bună o inflaţie mai mare? Să eviţi capcana lichidităţii sau să scapi din ea
Given the recurrence of the instability cycle and the higher probability of the economy to avoid falling into the liquidity trap if inflation is higher when a bubble bursts, then higher inflation is preferable. This paper suggests the monetary policy objective can be enhanced by shifting it from explicit or implicit targeting of low and stable inflation to explicit targeting of moderate and stable inflation.
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Volume (Year): (2012)
Issue (Month): 01 (March)
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