Why a Rule for Stable Prices May Dominate a Rule for Zero Inflation
分析了即使从纯经济角度看零通胀规则更优,指定稳定价格水平的货币政策规则仍可能优于允许价格水平漂移的零通胀规则。
An analysis of how a rule for monetary policy specifying a stable price level may dominate a rule for zero inflation with price-level drift, even in the case where, for purely economic reasons, an inflation rule is preferred.