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...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1992.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1992/019 |
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| 在线阅读: | Full text available on IMF |