Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues
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This paper analyses how the output or unemployment cost of achieving a sustainable reduction in the rate of inflation depends on the structure of the wage-price process and how the "sacrifice ratio" can be minimized. In models where the natural rate is invariant under the anti-inflationary policies,
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美国国家经济研究局创建时间：
1983-12-01
