Indexing, inflation, and economic policy / Stanly Fischer.

Preface ix I. The Costs and Effects of Inflation, 1 -- 1. Toward an Understanding of the Real Effects and Costs of Inflation / (with Franco Modigliani), 7 -- 2. Toward an Understanding of the Costs of Inflation: II, 35 -- 3. Relative Shocks, Relative Price Variability, and Inflation, 71 -- 4. Inflation, Unemployment, and Public Opinion Polls / (with John Huizinga), 123 -- II. Wage Indexation and Disinflation, 149 -- 5. Wage Indexation and Macroeconomic Stability, 159 -- 6. Indexing and Inflation, 193 -- 7. Contracts, Credibility, and Disinflation, 221 -- 8. Exchange Rate versus Money Targets in Disinflation, 247 -- III. Indexation in the Capital Markets, 263 -- 9. The Demand for Index Bonds, 271 -- 10. On the Nonexistence of Privately Issued Index Bonds in the U.S. Capital Market, 301 -- 11. Call Option Pricing When the Exercise Price Is Uncertain, and the Valuation of Index Bonds, 321 -- 12. Welfare Aspects of Government Issue of Indexed Bonds, 333 -- IV. Policy Issues, 357 -- 13. Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule, 365 -- 14. On Activist Monetary Policy with Rational Expectations, 383 -- 15. Dynamic Inconsistency, Cooperation, and the Benevolent Dissembling Government, 413 -- 16. Seigniorage and the Case for a National Money, 431 -- 17. Israeli Inflation and Indexation, 453 -- Index, 487.