NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Costs and Benefits of Going from Low Inflation to Price Stability

Martin S. Feldstein

Chapter in NBER book Reducing Inflation: Motivation and Strategy (1997), Christina D. Romer and David H. Romer, Editors (p. 123 - 166)
Conference held January 11-13, 1996
Published in January 1997 by University of Chicago Press
© 1997 by the National Bureau of Economic Research
in NBER Book Series Studies in Business Cycles

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This chapter first appeared as NBER working paper w5469, The Costs and Benefits of Going from Low Inflation to Price Stability, Martin Feldstein
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