Published in:Bundesbank Series 1 Discussion Paper ; No. 1997,03E
Extent:
1 Online-Ressource (76 p)
Language:
English
DOI:
10.2139/ssrn.2785798
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1997 erstellt
Description:
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 and employment that would be required to achieve it?"