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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Monetary Policy in Low-Inflation Economies

Monetary Policy in Low-Inflation Economies

Altig, David E.
Nosal, Ed

Paperback

EconomicsInvesting & FinanceGeneral Political Science

ISBN10: 1107514118
ISBN13: 9781107514119
Publisher: Cambridge
Published: Mar 26 2015
Pages: 358
Weight: 1.16
Height: 0.80 Width: 6.00 Depth: 9.00
Language: English
All central banks manage the supply of money and credit in their countries, increasing and decreasing them as needed to provide what economies need to keep growing. The way central banks typically handle that job involves short-term interest rates. But when inflation is low, central banks can't use their usual methods to get money and credit into an economy that needs it. Several essays in this volume describe the work of economists who have investigated problems that central banks might have when inflation gets low. Other essays investigate related questions such as whether an economy suffers when it moves from high inflation to low inflation, what the costs of inflation are to economic welfare, and whether a little bit of inflation can actually be good for economic growth.

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