The costs and benefits of price stability / edited by Martin Feldstein.

Contributor(s):

Feldstein, Martin S

Material type: Text

TextSeries: Conference report (National Bureau of Economic Research)Publication details: Chicago : University of Chicago Press, 1999.Description: 1 online resource (x, 360 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780226241760
0226241769
1281223379
9781281223371
9786611223373
6611223371

Subject(s): Genre/Form:

Additional physical formats: Print version:: Costs and benefits of price stability.DDC classification:

338.5/26 22

LOC classification:

HB236.A3 C63 1999eb

Online resources:

Click here to access online

Contents:

Capital income taxes and the benefit of price stability / Martin Feldstein -- Price stability versus low inflation in Germany: an analysis of costs and benefits / Karl-Heinz Tödter and Gerhard Ziebarth -- A cost-benefit analysis of going from low inflation to price stability in Spain / Juan J. Dolado, José M. González-Páramo, and José Viñals -- Some costs and benefits of price stability in the United Kingdom / Hasan Bakhshi, Andrew G. Haldane, and Neal Hatch -- Inflation and the user cost of capital: does inflation still matter? / Darrel Cohen, Kevin A. Hassett, and R. Glenn Hubbard -- Excess capital flows and the burden of inflation in open economies / Mihir A. Desai and James R. Hines Jr. -- Identifying inflation's grease and sand effects in the labor market / Erica L. Groshen and Mark E. Schweitzer -- Does inflation harm economic growth? evidence from the OECD / Javier Andrés and Ignacio Hernando.

Summary: In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation t.

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Papers presented at a NBER conference held at the Federal Reserve Bank of New York on Feb. 20-21, 1997.

Includes bibliographical references and indexes.

Print version record.

In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation t.

English.

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