Work

The Genesis of Inflation and the Costs of Disinflation

Year: 1991

Type: article

Abstract: This essay asks how high inflation arises and why it is costly to eliminate. Specifically, the paper discusses the roles of price rigidity and credibility problems in explaining the costs of disinflation; the puzzle of persistent inflation triggered by onetime macroeconomic shocks; and the case for returning to adaptive expectations in theories of inflation.

Source: Journal of money credit and banking

DOI: 10.2307/1992678

Author: Laurence Ball

Institutions: International Monetary Fund, National Bureau of Economic Research, Johns Hopkins University

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: green

OpenAlex ID: W2121499299

FWCI: 22.82

Cites:

Cited by: 95

Related to: 10