Andrés, Javier (contributor); Bakhshi, Hasan (contributor); … - 2007
against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic … environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort … calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The …
