** COVID-19 Alert **

To help protect the health of our staff and customers, our physical store will remain closed for the forseeable future. Our online store is open! We offer priority shipping and curbside pickup. Our phones are open from noon to 4 PM. We appreciate your support as we try to navigate the unique demands of this time.

Reducing Inflation: Motivation and Strategy (National Bureau of Economic Research Studies in Business Cycles #30) (Hardcover)

PLEASE READ BEFORE PLACING AN ORDER:

  • As COVID-19 cases continue to surge across the country, we have decided to temporarily close our doors for in-store browsing. 
  • During this time, we will offer priority shipping to anywhere in the U.S. as well as curbside pickup in the parking lot behind our store from 11 a.m. to 5 p.m. seven days a week.
  • Do NOT come to the store until you get a confirmation email that your order is complete and ready for pickup!
  • Women & Children First is not responsible for lost or stolen packages.
Reducing Inflation: Motivation and Strategy (National Bureau of Economic Research Studies in Business Cycles #30) Cover Image
By Christina D. Romer (Editor), David H. Romer (Editor)
Unavailable from our sources
Unavailable

Description


While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation.

Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries.

This timely volume should be read by anyone who studies or conducts monetary policy.
Product Details
ISBN: 9780226724843
ISBN-10: 0226724840
Publisher: University of Chicago Press
Publication Date: June 23rd, 1997
Pages: 432
Language: English
Series: National Bureau of Economic Research Studies in Business Cycles