Description
| Summary: | This is the second chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targe
|
|---|
| Physical Description: | 1 online resource (25 pages) : color illustrations |
|---|
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
|---|
| Bibliography: | Includes bibliographical references (pages 23-25). |
|---|
| ISBN: | 145191668X
9781451916683
1462349722
9781462349722
1452729891
9781452729893
1282843060
9781282843066
9786612843068
6612843063 |
|---|
| ISSN: | 2227-8885 ; |
|---|
| Language: | English. |
|---|
| Reproduction Note: | Electronic reproduction. |
|---|
| Source of Description, Etc. Note: | Print version record. |
|---|
| Action Note: | digitized |
|---|