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What has become of the `stability-through-inflation' argument?

Authors :
Bullard, James B.
Marty, Alvin L.
Source :
Review (00149187). Jan/Feb98, Vol. 80 Issue 1, p37. 9p. 6 Graphs.
Publication Year :
1998

Abstract

Examines the status of a well known argument for a positive rate of steady state inflation. Illustration of the argument for stability through inflation by Vickrey (1954) and Phelps (1972); Summary of the rational expectations solution.

Subjects

Subjects :
*PRICE inflation

Details

Language :
English
ISSN :
00149187
Volume :
80
Issue :
1
Database :
Academic Search Index
Journal :
Review (00149187)
Publication Type :
Academic Journal
Accession number :
669048