Reducing Inflation
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Author | : Christina D. Romer |
Publisher | : University of Chicago Press |
Total Pages | : 434 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226724832 |
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While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Author | : Mr.Michael P. Leidy |
Publisher | : International Monetary Fund |
Total Pages | : 21 |
Release | : 1998-08-01 |
Genre | : Business & Economics |
ISBN | : 1451853181 |
Download Considerations in Reducing Inflation From Low to Lower Levels Book in PDF, Epub and Kindle
In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper examines the benefits and costs of moving from low inflation to even lower inflation by drawing together recent work on this issue. Once a country has decided to move to an even lower rate of inflation, the question then becomes whether it would be better to achieve this objective through inflation targeting or price-level targeting. The paper critically reviews the arguments for both approaches.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 545 |
Release | : 2013-06-28 |
Genre | : Business & Economics |
ISBN | : 0226066959 |
Download The Great Inflation Book in PDF, Epub and Kindle
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author | : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy |
Publisher | : |
Total Pages | : 32 |
Release | : 1990 |
Genre | : Budget deficits |
ISBN | : |
Download Zero Inflation Book in PDF, Epub and Kindle
Author | : Ms.C. McNeilly |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 1998-05-01 |
Genre | : Business & Economics |
ISBN | : 1451956312 |
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Inflation in Albania fell rapidly once comprehensive stabilization policies and market-oriented reforms were launched, in contrast to other transition economies, where price liberalization was generally followed by persistently high inflation. The early reduction of underlying inflation is confirmed by trimmed mean estimates of core inflation, which use a central portion of the commodity-wise inflation distribution. This also demonstrates the usefulness of estimating core inflation for transition economies. The early success in curbing inflation is attributed to the extremely broad scope of initial price liberalization coupled with key supporting measures. It also gives hope for early recovery from Albania’s 1997 economic crisis.
Author | : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy |
Publisher | : |
Total Pages | : 58 |
Release | : 1990 |
Genre | : Economic stabilization |
ISBN | : |
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Author | : Michael Leidy |
Publisher | : |
Total Pages | : 20 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Considerations in Reducing Inflation from Low to Lower Levels Book in PDF, Epub and Kindle
In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper examines the benefits and costs of moving from low inflation to even lower inflation by drawing together recent work on this issue. Once a country has decided to move to an even lower rate of inflation, the question then becomes whether it would be better to achieve this objective through inflation targeting or price-level targeting. The paper critically reviews the arguments for both approaches.
Author | : Frederic S. Mishkin |
Publisher | : World Bank Publications |
Total Pages | : 42 |
Release | : 2001 |
Genre | : Anti-inflationary policies |
ISBN | : |
Download From Monetary Targeting to Inflation Targeting Book in PDF, Epub and Kindle
Experience with monetary targeting suggests that although it successfully controlled inflation in Switzerland and especially Germany, the special conditions that made it work reasonably well in those two countries are unlikely to be satisfied elsewhere. Inflation targeting is more likely to improve economic performance in countries that choose to have an independent domestic monetary policy, but there are subtleties in how inflation targeting is done. Lessons from industrial countries should be useful to central banks designing a framework for monetary policy.
Author | : Andres Solimano |
Publisher | : World Bank Publications |
Total Pages | : 50 |
Release | : |
Genre | : |
ISBN | : |
Download Inflation and the Costs of Stabilization Book in PDF, Epub and Kindle
Author | : |
Publisher | : |
Total Pages | : 34 |
Release | : 2003 |
Genre | : |
ISBN | : 9788371783043 |
Download Some benefits of reducing inflation in transition economies Book in PDF, Epub and Kindle