The Costs and Benefits of Price Stability 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024

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Feldstein, Martin S. 编作者

University Of Chicago Press

译者

1999-6-1 出版日期

370 页数

USD 75.00 价格

Hardcover

丛书系列

9780226240992 图书编码

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发表于2024-11-09

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The Costs and Benefits of Price Stability 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

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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 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. This 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. 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.

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