Inflation Stabilization and Welfare
收藏NBER2001-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8071
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资源简介：
This paper derives loss functions for monetary policy that are grounded in the welfare of private agents, for optimizing models with nominal price rigidities. Inflation stabilization enhances welfare, insofar as variable inflation results in real distortions when prices are not adjusted throughout
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美国国家经济研究局创建时间：
2001-01-01
