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The Costs and Benefits of Price Stability
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The Costs and Benefits of Price Stability Hardback - 1999

by Martin Feldstein (Editor)

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In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability?

In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.

Details

  • Title The Costs and Benefits of Price Stability
  • Author Martin Feldstein (Editor)
  • Binding Hardback
  • Edition (first edition)
  • Pages 370
  • Volumes 1
  • Language ENG
  • Publisher University of Chicago Press, Chicago
  • Publication date 1999-06
  • ISBN 9780226240992 / 0226240991
  • Weight 1.5 lbs (0.68 kg)
  • Dimensions 9 x 6 x 1.1 in (22.86 x 15.24 x 2.79 cm)
  • Category Business / Economics / Finance
  • Library of Congress subjects Inflation (Finance) - Congresses, Prices - Government policy - Congresses
  • Library of Congress Catalogue Number 98-43630
  • Dewey Decimal Code 338.526

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The Costs and Benefits of Price Stability (National Bureau of Economic Research Conference Report)
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The Costs and Benefits of Price Stability (National Bureau of Economic Research Conference Report)

by Feldstein, Martin

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University of Chicago Press, 1999-06-01. 1. hardcover. Used: Good. 6.00x1.10x9.00. Buy with confidence. Excellent Customer Service & Return policy.
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The Costs and Benefits of Price Stability
Stock photo: cover may vary

The Costs and Benefits of Price Stability

  • Used
Condition
Used
ISBN 10 / ISBN 13
9780226240992 / 0226240991
Quantity available
1
Seller
Item price
A$30.89
Free Delivery to USA

Show details

Description:
University of Chicago Press. Used - Very Good. Former library copy. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.
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Item price
A$30.89
Free Delivery to USA