| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16054 |
| 来源ID | Working Paper 16054 |
| The Optimal Rate of Inflation | |
| Stephanie Schmitt-Grohe; Martin Uribe | |
| 发表日期 | 2010-06-03 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Observed inflation targets around the industrial world are concentrated at two percent per year. This chapter investigates the extent to which the observed magnitudes of inflation targets are consistent with the optimal rate of inflation predicted by leading theories of monetary nonneutrality. We find that consistently those theories imply that the optimal rate of inflation ranges from minus the real rate of interest to numbers insignificantly above zero. Furthermore, we argue that the zero bound on nominal interest rates does not represent an impediment for setting inflation targets near or below zero. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy |
| URL | https://www.nber.org/papers/w16054 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573729 |
| 推荐引用方式 GB/T 7714 | Stephanie Schmitt-Grohe,Martin Uribe. The Optimal Rate of Inflation. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16054.pdf（506KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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