LEADER 04375nam 2200673Ia 450 001 9910784837203321 005 20200520144314.0 010 $a1-281-22395-6 010 $a9786611223953 010 $a0-226-72483-2 024 7 $a10.7208/9780226724836 035 $a(CKB)1000000000406506 035 $a(EBL)408431 035 $a(OCoLC)212810009 035 $a(SSID)ssj0000234403 035 $a(PQKBManifestationID)11202832 035 $a(PQKBTitleCode)TC0000234403 035 $a(PQKBWorkID)10241376 035 $a(PQKB)10962221 035 $a(MiAaPQ)EBC408431 035 $a(DE-B1597)535475 035 $a(OCoLC)1135592728 035 $a(DE-B1597)9780226724836 035 $a(Au-PeEL)EBL408431 035 $a(CaPaEBR)ebr10216938 035 $a(CaONFJC)MIL122395 035 $a(EXLCZ)991000000000406506 100 $a19960917d1997 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aReducing inflation$b[electronic resource] $emotivation and strategy /$fedited by Christina D. Romer and David H. Romer 210 $aChicago $cUniversity of Chicago Press$d1997 215 $a1 online resource (434 p.) 225 1 $aStudies in business cycles ;$vv. 30 300 $a"This volume grew out of a National Bureau of Economic Research conference on monetary policy and low inflation held in Islamorada, Florida, in January 1996"--P. ix. 311 $a0-226-72484-0 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tNational Bureau of Economic Research --$tRelation of the Directors to the Work and Publications of the National Bureau of Economic Research --$tContents --$tAcknowledgments --$tIntroduction --$t1. Why Do People Dislike Inflation? --$t2. Does Inflation "Grease the Wheels of the Labor Market"? --$t3. The Costs and Benefits of Going from Low Inflation to Price Stability --$t4. Disinflation and the NAIRU --$t5. How Precise Are Estimates of the Natural Rate of Unemployment? --$t6. America's Peacetime Inflation: The 1970's --$t7. Do "Shortages" Cause Inflation? --$t8. Institutions for Monetary Stability --$t9. Why Does Inflation Differ across Countries? --$t10. How the Bundesbank Conducts Monetary Policy --$tContributors --$tAuthor Index --$tSubject Index 330 $aWhile there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970's, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy. 410 0$aStudies in business cycles ;$vno. 30. 606 $aInflation (Finance)$vCongresses 606 $aMonetary policy$vCongresses 610 $aeconomics, finance, money, financial, economy, economist, reduction, analysis, analyzed, monetary, policy, consequence, tax, taxes, system, essay collection, academic, scholarly, research, college, university, higher ed, education, textbook, professor, researcher, banker, banking, unemployment, united states, germany, western, market, labor, international. 615 0$aInflation (Finance) 615 0$aMonetary policy 676 $a332.4/1 701 $aRomer$b Christina$01512973 701 $aRomer$b David$0116990 712 02$aNational Bureau of Economic Research. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910784837203321 996 $aReducing inflation$93747198 997 $aUNINA