EconPapers    
Economics at your fingertips  
 

On the cost of inflation

Paul Gomme ()

Economic Commentary, 2001, issue May

Abstract: The FOMC has two objectives: maximizing sustainable economic growth and maintaining price stability. At times-like the past year-these goals appear to be in conflict. This Commentary outlines some economic theory that suggests that in the long run, the FOMC can achieve its two objectives by focusing primarily on its price stability target.

Keywords: Inflation (Finance); Economic conditions - United States; Monetary policy (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://www.clevelandfed.org/~/media/content/newsr ... tion%20pdf.pdf?la=en Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:2001:i:may15

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Commentary from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Series data maintained by 4D Library ().

 
Page updated 2017-10-17
Handle: RePEc:fip:fedcec:y:2001:i:may15