منابع مشابه
The Quest for Prosperity without Inflation
In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that their flexibility may yield substantial stabilization benefits while avoiding the excesses of overzealous discretionary fine-tuning such as is thought to cha...
متن کاملThe Quest for Prosperity Without Inflation
In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that their flexibility may yield substantial stabilization benefits while avoiding the excesses of overzealous discretionary fine-tuning such as is thought to cha...
متن کاملInflation without slow roll
We draw attention to the possibility that inflation (i.e. accelerated expansion) might continue after the end of slow roll, during a period of fast oscillations of the inflaton field φ. This phenomenon takes place when a mild non-convexity inequality is satisfied by the potential V (φ). The presence of such a period of φ-oscillation-driven inflation can substantially modify reheating scenarios....
متن کاملInflation and Growth Targeting
Inflation targeting needs to be supplemented by an economic growth target so that central banks will not adopt monetary policy which results in stagnation. There is no guarantee that the economy will move towards full employment by itself when the inflation rate is kept between two to three per cent. Monetary policy does not have a comparative advantage in achieving price stability. Svensson's ...
متن کاملInflation and Economic Growth
Data for around 100 countries from 1960 to 1990 are used to assess the effects of inflation on economic performance. If a number of country characteristics are held constant, then regression results indicate that the impact effects from an increase in average inflation by 10 percentage points per year are a reduction of the growth rate of real per capita GDP by 0.2-0.3 percentage points per yea...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 1962
ISSN: 0022-1082
DOI: 10.2307/2977712