The Costs and Benefits of Going from Low Inflation to Price Stability
收藏数据链接：
官方服务：
资源简介：
This paper evaluates the welfare gain from achieving price stability and compares it to the cost of the transition. In calculating the gain from price stability, the paper emphasizes the distortions caused by the interaction of inflation and capital income taxes. Because inflation exacerbates the
提供机构：
美国国家经济研究局创建时间：
1996-02-01
