| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16557 |
| DP16557 Central Banks and Inflation: Where Do We Stand and How Did We Get Here? | |
| Karl Whelan | |
| 发表日期 | 2021-09-15 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | The inability of central banks to attain their target inflation rates in recent years has raised questions about the extent to which central banks can control the inflation process. This paper discusses the evolution of thought and evidence since the 1960s on the determinants of inflation and the role that should be played by central banks. The paper highlights the roles played by two streams of thought associated with Milton Friedman: Monetarist theories predicting a key role for monetary aggregates in determining inflation and the rise in popularity of the expectations-augmented Phillips curve. We discuss influence of the latter in determining the modern consensus on central bank institutions and the relative roles for fiscal and monetary policies. We conclude with a discussion of macroeconomic developments of the past decade and current policy options to stimulate the economy and restore inflation to its target levels, including the merits of “helicopter money”. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | inflation Central banks Phillips curve Milton friedman |
| URL | https://cepr.org/publications/dp16557 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545508 |
| 推荐引用方式 GB/T 7714 | Karl Whelan. DP16557 Central Banks and Inflation: Where Do We Stand and How Did We Get Here?. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Karl Whelan]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Karl Whelan]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Karl Whelan]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
