Does Stabilizing Inflation Contribute To Stabilizing Economic Activity?

Frederic S. Mishkin
Working Paper 13970
DOI 10.3386/w13970
Issue Date

This paper discusses recent economic research that demonstrates that the objectives of price stability and stabilizing economic activity are often likely to be mutually reinforcing. Thus, the answer to the title of this paper--"Does stabilizing inflation contribute to stabilizing economic activity?"--is, for the most part, yes.

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Topics

Macroeconomics
Business Cycles
Monetary Policy

Programs

Economic Fluctuations and Growth
Monetary Economics

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