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Is There a Case for "Moderate" Inflation?

Year: 1995

Type: article

Abstract: Two objections to making price stability the primary objective of monetary policy are (1) moderate inflation is good for the economy and (2) it is less costly to live with moderate inflation than to eliminate it.

DOI: 10.20955/r.77.27-38

Authors: Alvin L. Marty, Daniel L. Thornton

Institutions: Baruch College, City University of New York, Federal Reserve Bank of St. Louis

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W1602011179

FWCI: 4.207

Cites: 8

Cited by: 15

Related to: 10