Inflation, Nominal Interest Rates, and the Variability of Output

Released on by Mr.Bankim Chadha
preview-18

  • Inflation, Nominal Interest Rates, and the Variability of Output Book Detail

  • Author : Mr.Bankim Chadha
  • Release Date : 1996-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 36
  • ISBN 13 : 1451853165
  • File Size : 4,4 MB
DOWNLOAD BOOK

Inflation, Nominal Interest Rates, and the Variability of Output by Mr.Bankim Chadha PDF Summary

Book Description: This paper examines the distribution of output around capacity when money demand is a nonlinear function of the nominal interest rate such that nominal interest rates cannot become negative. When fluctuations in output result primarily from disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation rate. When they result from disturbances to the goods market, the variance of output is a decreasing function of the trend inflation rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that minimizes the variance of output.

Disclaimer: www.yourbookbest.com does not own Inflation, Nominal Interest Rates, and the Variability of Output books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Flattening of the Phillips Curve

Flattening of the Phillips Curve

File Size : 88,88 MB
Total View : 8777 Views
DOWNLOAD

Over the past decade, inflation has become less responsive to domestic demand pressures in many industrial countries. This development has been attributed, in p