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The costs and benefits of price stability

The costs and benefits of price stability

Martin Feldstein
এই বইটি আপনার কতটা পছন্দ?
ফাইলের মান কিরকম?
মান নির্ণয়ের জন্য বইটি ডাউনলোড করুন
ডাউনলোড করা ফাইলগুলির মান কিরকম?
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.

ক্যাটাগোরিগুলো:
সাল:
1999
সংস্করণ:
1
প্রকাশক:
University Of Chicago Press
ভাষা:
english
পৃষ্ঠা:
374
ISBN 10:
0226241769
ISBN 13:
9780226241760
বইয়ের সিরিজ:
National Bureau of Economic Research Conference Report
ফাইল:
DJVU, 3.02 MB
IPFS:
CID , CID Blake2b
english, 1999
কপিরাইট ধারকের অভিযোগের কারণে এই বইটির ডাউনলোড অনুপলব্ধ

Beware of he who would deny you access to information, for in his heart he dreams himself your master

Pravin Lal

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