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...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1992/019 |
| Subjects: | |
| Online Access: | Full text available on IMF |