Monetary Policy Issues in a Low Inflation Environment

José Viñals
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José Viñals: Banco de España

No 107, Working Papers from Banco de España

Abstract: One of the most striking macroeconomic phenomena in recent decades has been the achievement of rather low and more stable rates inflation in many countries in the nineties. Consequently, the main goal of this paper is to offer an overview of the main policy issues arising in a low inflation environment and their practical relevance so as to identify the main challenges facing central bankers in such an environment.

Keywords: monetary policy; macroeconomics; inflation (search for similar items in EconPapers)
JEL-codes: B22 E52 E58 (search for similar items in EconPapers)
Pages: 67 pages
Date: 2001
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:0107

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