Monetary Policy and Inflation: From Theory to Practice

José Viñals

No 1821, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper addresses a number of questions which are essential to a proper understanding of the causes and effects of the inflationary process and to an assessment of the contribution of monetary policy to the achievement of long-term price stability. These questions are: (1) what are the economic costs of inflation? (2) what part does monetary policy play in the short- and medium-term evolution of inflation? (3) what are the most appropriate monetary policy strategies for fighting inflation?

Keywords: costs of inflation; Inflation; Monetary Policy; strategy (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Date: 1998-03
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Citations: View citations in EconPapers (2)

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