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Is it better to tolerate moderate inflation than to bear the costs necessary to achieve price stability?

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  • Miesha Williams

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  • Miesha Williams, 2024. "Is it better to tolerate moderate inflation than to bear the costs necessary to achieve price stability?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 43(1), pages 329-334, January.
    • Handle: RePEc:wly:jpamgt:v:43:y:2024:i:1:p:329-334
    DOI: 10.1002/pam.22551
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    References listed on IDEAS

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    1. Robert J. Shiller, 1997. "Why Do People Dislike Inflation?," NBER Chapters, in: Reducing Inflation: Motivation and Strategy, pages 13-70, National Bureau of Economic Research, Inc.
    2. Ireland, Peter N., 1995. "Optimal disinflationary paths," Journal of Economic Dynamics and Control, Elsevier, vol. 19(8), pages 1429-1448, November.
    3. Martin Feldstein, 1999. "Introduction to "Costs and Benefits of Price Stability, The"," NBER Chapters, in: The Costs and Benefits of Price Stability, pages 1-8, National Bureau of Economic Research, Inc.
    4. Hagedorn, Marcus, 2011. "Optimal disinflation in new Keynesian models," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 248-261.
    5. Martin Feldstein, 1999. "The Costs and Benefits of Price Stability," NBER Books, National Bureau of Economic Research, Inc, number feld99-1.
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