Like a good neighbor : monetary policy, financial stability, and the distribution of risk.
Tipo de material:
ArtículoIdioma: Inglés ISSN: - 18154654
Contenidos:
En: International journal of central bankingResumen: This paper makes the simple point that price variation may be desirable for reasons that have absolutely nothing to do with output stabilization.
Formalization of the risk-sharing argument, 60 ; Can bankruptcy salvage price-level targeting?, 66 ; A production economy, 69 ; Implications, 73 ; Suggestive evidence, 76 ; Concluding remarks, 76
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Bibliografía : páginas 80-82.
Introduction, 57 ; Formalization of the risk-sharing argument, 60 ; Can bankruptcy salvage price-level targeting?, 66 ; A production economy, 69 ; Implications, 73 ; Suggestive evidence, 76 ; Concluding remarks, 76
This paper makes the simple point that price variation may be desirable for reasons that have absolutely nothing to do with output stabilization.
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