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Reducing Inflation: Motivation and Strategy by David H. Romer, Christina D. Romer (Hardcover, 1997)

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About this product

Product Information

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 Identifiers

Publisher
The University of Chicago Press
ISBN-13
9780226724843
eBay Product ID (ePID)
94574994

Product Key Features

Author
David H. Romer, Christina D. Romer
Publication Name
Reducing Inflation: Motivation and Strategy
Format
Hardcover
Language
English
Subject
Economics, Government, Finance
Publication Year
1997
Type
Textbook
Number of Pages
432 Pages

Dimensions

Item Height
235mm
Item Width
164mm
Item Weight
750g

Additional Product Features

Series Title
(Nber) National Bureau of Economic Research Business Cycles (Chup)
Country/Region of Manufacture
United States
Editor
Christina D. Romer, David H. Romer

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