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The Resource Costs and Benefits of Price Stability: An Assessment of Howitt's Rule

Costs and Benefits of Price Stability: An Assessment of Howitt's Rule

Label
Costs and Benefits of Price Stability: An Assessment of Howitt's Rule
Title
Costs and Benefits of Price Stability: An Assessment of Howitt's Rule
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Contributor
Subject
Summary
Assuming inflation affects both the level and growth rate of output, the author states Howitt's Rule and explains how it argues for a continued policy of moderate inflation. Next, alternative estimates of the costs of achieving price stability are analyzed, and then those costs are compared with estimates of the gain from achieving price stability when inflation reduces the level or growth rate of output. Finally, the cross-section and time-series evidence on the effects of inflation on output growth is reviewed
http://library.link/vocab/creatorName
  • Thornton, Daniel L
  • Inter-university Consortium for Political and Social Research [distributor]
Label
Costs and Benefits of Price Stability: An Assessment of Howitt's Rule
Instantiates
Publication
Note
1159
Control code
ICPSR01159.v1
Governing access note
Access restricted to subscribing institutions
Label
Costs and Benefits of Price Stability: An Assessment of Howitt's Rule
Publication
Note
1159
Control code
ICPSR01159.v1
Governing access note
Access restricted to subscribing institutions

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