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Discretionary Monetary Policy With Costly Inflation

Dennis, Richard

Description

This paper considers how an output cost of inflation affects the discretionary inflation bias. We show that conditions exist under which costly inflation actually increases this inflation bias.

dc.contributor.authorDennis, Richard
dc.date.accessioned2015-12-13T23:41:19Z
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/1885/94848
dc.description.abstractThis paper considers how an output cost of inflation affects the discretionary inflation bias. We show that conditions exist under which costly inflation actually increases this inflation bias.
dc.publisherElsevier
dc.sourceEconomics Letters
dc.subjectKeywords: E31; E52; Inflation bias; Monetary policy; Time-inconsistency
dc.titleDiscretionary Monetary Policy With Costly Inflation
dc.typeJournal article
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.citationvolume65
dc.date.issued1999
local.identifier.absfor140212 - Macroeconomics (incl. Monetary and Fiscal Theory)
local.identifier.ariespublicationMigratedxPub24550
local.type.statusPublished Version
local.contributor.affiliationDennis, Richard, College of Business and Economics, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage91
local.bibliographicCitation.lastpage96
dc.date.updated2015-12-12T09:32:04Z
local.identifier.scopusID2-s2.0-0042097924
CollectionsANU Research Publications

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