The Costs and Benefits of Going from Low Inflation to Price Stability
Published Date
Copyright 1997
ISBN 0226724840
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Copy CitationMartin S. Feldstein, Reducing Inflation: Motivation and Strategy (University of Chicago Press, 1997), chap. 3, https://www.nber.org/books-and-chapters/reducing-inflation-motivation-and-strategy/costs-and-benefits-going-low-inflation-price-stability.
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Published From Paper
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Working Paper
This paper evaluates the welfare gain from achieving price stability and compares it to the cost of the transition....
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