The Possible Unemployment Cost of Average Inflation below a Credible Target

Lars E. O. Svensson
Published Date
Copyright 2015
DOI 10.1257/mac.20130176
CONFERENCE HELD October 18-19, 2013
Book: Lessons from the Financial Crisis for Monetary Policy
Book organizer: Mark Gertler
PUBLISHER: American Economic Journal: Macroeconomics, Volume 7, no. 1

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Topics

Macroeconomics
Consumption and Investment
Business Cycles
Monetary Policy

Published From Paper

The Possible Unemployment Cost of Average Inflation below a Credible Target
- Working Paper
If inflation expectations become firmly anchored at the inflation target even when average inflation deviates from the...

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