Theories of Policy Accommodation : The Persistence of Inflation and Gradual Stabilizations /

Theories of Policy Accommodation : The Persistence of Inflation and Gradual Stabilizations /

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers, despite their dislike of inflation, may nevertheless cho...

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Bibliografiske detaljer
Hovedforfatter:	De Gregorio, Jose
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 1992.
Serier:	IMF Working Papers; Working Paper ; No. 1992/019
Fag:	Fixed Cost Full Employment Monetary Policy Phillips Curve WP Belgium
Online adgang:	Full text available on IMF

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