Considerations in Reducing Inflation From Low to Lower Levels /

In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper examines the benefits and costs of moving from low inflation to...

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Detalles Bibliográficos
Autor Principal: Tokarick, Stephen
Outros autores: Leidy, Michael
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/109
Acceso en liña:Full text available on IMF
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245 1 0 |a Considerations in Reducing Inflation From Low to Lower Levels /  |c Stephen Tokarick, Michael Leidy. 
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300 |a 1 online resource (20 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper examines the benefits and costs of moving from low inflation to even lower inflation by drawing together recent work on this issue. Once a country has decided to move to an even lower rate of inflation, the question then becomes whether it would be better to achieve this objective through inflation targeting or price-level targeting. The paper critically reviews the arguments for both approaches. 
538 |a Mode of access: Internet 
700 1 |a Leidy, Michael. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/109 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/109/001.1998.issue-109-en.xml  |z IMF e-Library