Why a rule for stable prices may dominate a rule for zero inflation

William Gavin () and Alan Stockman

Economic Review, 1991, vol. 27, issue Q I, 2-8

Abstract: An analysis of how a rule for monetary policy specifying a stable price level may dominate a rule for zero inflation with price-level drift, even in the case where, for purely economic reasons, an inflation rule is preferred.

Date: 1991
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.clevelandfed.org/Research/Review/1991/91-q1-gavin.pdf (text/html)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.clevelandfed.org/Research/Review/1991/91-q1-gavin.pdf [301 Moved Permanently]--> https://www.clevelandfed.org/Research/Review/1991/91-q1-gavin.pdf [301 Moved Permanently]--> https://www.clevelandfed.org/research/review/1991/91-q1-gavin.pdf)
https://fraser.stlouisfed.org/scribd/?toc_id=19933 ... t_page=3#scribd-open

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:fedcer:y:1991:i:qi:p:2-8:n:v.27no.1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Review from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().