| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w9981
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| 来源ID | Working Paper 9981
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| Inflation Targeting in the United States? |
| Marvin Goodfriend
|
| 发表日期 | 2003-09-22
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| 出版年 | 2003
|
| 语种 | 英语
|
| 摘要 | The paper begins by tracing the origins of the case for inflation targeting in postwar US monetary history. It describes five aspects of inflation targeting practiced implicitly by the Greenspan Fed. It argues that (1) low long run inflation should be an explicit priority for monetary policy, (2) as a practical matter it is not desirable for the Fed to vary its short run inflation target (3) strict inflation targeting can be regarded as effcient constrained countercyclical stabilization policy. Finally, the paper suggests that the Fed publicly acknowledge its implicit priority for low long run inflation, that Congress recognize that priority, and that in return representatives of the FOMC consider participating in a monetary policy forum to better inform the public and congressional oversight committees about current monetary policy. |
| 主题 | Macroeconomics
; Business Cycles
; Money and Interest Rates
|
| URL | https://www.nber.org/papers/w9981
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567606
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推荐引用方式
GB/T 7714 |
Marvin Goodfriend. Inflation Targeting in the United States?. 2003.
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文件名：
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w9981.pdf
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格式：
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Adobe PDF
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