The Phillips curve under state-dependent pricing
In: Swiss National Bank working papers 2005,1
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In: Swiss National Bank working papers 2005,1
In: Cultural trends, Band 23, Heft 4, S. 304-307
ISSN: 1469-3690
In: Cultural trends, Band 21, Heft 3, S. 213-214
ISSN: 1469-3690
In: International journal of cultural policy: CP, Band 18, Heft 2, S. 205-222
ISSN: 1477-2833
In: Innovation: organization & management: IOM, Band 11, Heft 2, S. 169-189
ISSN: 2204-0226
In: Research in economics: Ricerche economiche, Band 72, Heft 2, S. 313-326
ISSN: 1090-9451
In: Journal of monetary economics, Band 54, Heft 8, S. 2321-2345
In: City, Culture and Society, Band 26, S. 100417
ISSN: 1877-9166
In: National Bureau of Economic Research Conference Report
In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation
In: Research Policy, Band 44, Heft 8, S. 1462-1472
In: CREATe Working Paper No. 1, January 2013
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