The Benefits of Maintaining Low and Stable Inflation

Ed Balls and Gus O’Donnell

Chapter 4 in Reforming Britain’s Economic and Financial Policy, 2002, pp 58-70 from Palgrave Macmillan

Abstract: Abstract This chapter explains why maintaining low and stable inflation is the best contribution that monetary policy can make to the goal of high and stable levels of growth and employment.

Keywords: Monetary Policy; Gini Coefficient; Money Demand; Money Balance; Inflation Uncertainty (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59983-3_5

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DOI: 10.1057/9780230599833_5

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