Welfare Cost Of Low Inflation
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Language: en
Pages: 22
Pages: 22
Type: BOOK - Published: 1998-08-01 - Publisher: International Monetary Fund
This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low level to close to price stability, using an
Language: en
Pages: 36
Pages: 36
Type: BOOK - Published: 2012-07-01 - Publisher: International Monetary Fund
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neare
Language: en
Pages: 34
Pages: 34
Type: BOOK - Published: 1991-01-01 - Publisher: International Monetary Fund
This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of in
Language: en
Pages: 54
Pages: 54
Type: BOOK - Published: 1994 - Publisher:
Language: en
Pages: 374
Pages: 374
Type: BOOK - Published: 2007-12-01 - Publisher: University of Chicago Press
In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confrontin
