The Dilemmas of Inflation-Stabilization Policy

Paul Beckerman

Chapter 6 in The Economics of High Inflation, 1992, pp 85-107 from Palgrave Macmillan

Abstract: Abstract Inflation-stabilization efforts can fail in at least two ways. First, they may generate excessive recession, bankruptcy, and unemployment. Second, they may suppress inflation only temporarily, or not at all, with resurgent inflation following or even preceding relaxation of the stabilization policies.

Keywords: Interest Rate; Monetary Policy; Central Bank; Real Interest Rate; High Interest Rate (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-21713-7_6

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