An Investigation of Output Variance Before and During Inflation Targeting

An Investigation of Output Variance Before and During Inflation Targeting
Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to keep the inflation rate "too low and stable" will likely result in relatively larger output fluctuations. Following the generalized reduction in inflation variance in the 1990s, that concern was rekindled. This study estimates... READ MORE...

Publication date: December 2001
ISBN 9781451875041
$15.00

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