Models of Inflation and the Costs of Disinflation

Models of Inflation and the Costs of Disinflation
This paper focuses on the output costs of disinflation. A model of inflation with both forward and backward elements seems to characterize reality. Such an inflation model is estimated using data for industrial countries, and the output costs of a disinflation path are calculated, first analytically in a simple theoretical model, then by... READ MORE...

Publication date: October 1991
ISBN 9781451949483
$15.00

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