Price stability versus low inflation in Germany: An analysis of costs and benefits

Autor: Tödter, Karl-Heinz, Ziebarth, Gerhard
Jazyk: angličtina
Rok vydání: 1997
Předmět:
Popis: This study empirically investigates for the case of Germany the following question, recently posed by Feldstein (1996): "lf the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from reducing inflation to zero worth the sacrifice in output and employment that would be required to achieve it?" ...
Databáze: OpenAIRE