Issues Concerning Nominal Anchors for Monetary Policy:
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| 100 | 1 | |a Mussa, Michael |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Issues Concerning Nominal Anchors for Monetary Policy |c Mussa, Michael |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 1994 | |
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| 490 | 0 | |a IMF Working Papers |v Working Paper No. 94/61 | |
| 520 | 3 | |a This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal that the price level behaved very differently following WWII in these countries than it had done in previous post-war experiences. In particular following WWII the responsibilities of monetary policy expanded to encompass a business- cycle stabilization role and the nominal anchor shifted from the fixed anchor or price-level stability to the moving anchor of inflation-rate stability. The remaining sections of the paper review some of the considerations that are relevant to setting the average inflation rate in countries without a fixed nominal anchor | |
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| id | DE-604.BV048345481 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:09Z |
| institution | BVB |
| isbn | 1451848102 9781451848106 |
| language | English |
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| oclc_num | 1337136820 |
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| physical | 1 Online-Ressource (41 p) |
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| publishDate | 1994 |
| publishDateSearch | 1994 |
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| publisher | International Monetary Fund |
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| series2 | IMF Working Papers |
| spellingShingle | Mussa, Michael Issues Concerning Nominal Anchors for Monetary Policy |
| title | Issues Concerning Nominal Anchors for Monetary Policy |
| title_auth | Issues Concerning Nominal Anchors for Monetary Policy |
| title_exact_search | Issues Concerning Nominal Anchors for Monetary Policy |
| title_full | Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael |
| title_fullStr | Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael |
| title_full_unstemmed | Issues Concerning Nominal Anchors for Monetary Policy Mussa, Michael |
| title_short | Issues Concerning Nominal Anchors for Monetary Policy |
| title_sort | issues concerning nominal anchors for monetary policy |
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