In dieser Studie wird die kürzlich von Feldstein (1996) aufgeworfene Frage für die Bundesrepublik Deutschland empirisch untersucht: "If 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...

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...

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...

In dieser Studie wird die kürzlich von Feldstein (1996) aufgeworfene Frage für die Bundesrepublik Deutschland empirisch untersucht: "If 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...

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...

We empirically investigate the costs and benefits of going from low inflation to price stability in the case of Germany. Recent empirical evidence on the sacrifice ratio suggests that the break-even point at which the permanent benefits of reducing the trend rate of inflation by 2 percentage...