The goal of price stability : a review of the issues / by Jack Selody.
Tipo de material: TextoSeries Technical report ; no. 54Detalles de publicación: Ottawa, Ont. : Bank of Canada, 1990Descripción: ii, 52 pTema(s): Clasificación CDD:- 332.415
Tipo de ítem | Biblioteca actual | Signatura topográfica | URL | Estado | Fecha de vencimiento | Código de barras | |
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Documento | Biblioteca Manuel Belgrano | F 332.415 S 16096 F (Navegar estantería(Abre debajo)) | Enlace al recurso | Disponible | 16096 F |
Bibliografía: p. 49-52.
The basic responsibility of a central bank is to preserve the value of money—that is, to maintain stability in the general level of prices. This report pulls together the main arguments for and against price stability as the appropriate goal for monetary policy. The available evidence suggests that the benefits of price stability are many and large while the costs of getting there are transitory and small by comparison. Areas requiring further research are identified. The report also addresses the transition to price stability and the practical definition of price stability. It is illustrated that progress towards price stability is easier when wages and prices are flexible and when the monetary authority has credibility.
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