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Summary panel: reflections on monetary policy at low inflation

Author

Listed:
  • Michael Mussa

Abstract

Operating monetary policy in a low-inflation environment is probably easier, and is certainly more constructive for the economy, than operating it in a high inflation environment.

Suggested Citation

  • Michael Mussa, 2000. "Summary panel: reflections on monetary policy at low inflation," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, pages 1100-1106.
    • Handle: RePEc:fip:fedbcp:y:2000:p:1100-1106
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    Cited by:

    1. Peter N. Ireland, 2005. "The Liquidity Trap, The Real Balance Effect, And The Friedman Rule ," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(4), pages 1271-1301, November.
    2. Bennett T. McCallum, 2014. "Monetary Policy in a Very Open Economy: Some Major Analytical Issues," Pacific Economic Review, Wiley Blackwell, vol. 19(1), pages 27-60, February.
    3. Peter N. Ireland, 2001. "The Real Balance Effect," NBER Working Papers 8136, National Bureau of Economic Research, Inc.

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