Policy Accommodation and Gradual Stabilizations
解释为何政策制定者通常选择渐进式稳定通胀，而非急剧降低通胀，强调后顾性指数化和稳定化实施固定成本的作用。
Gradual stabilizations are usually the result of policy accommodation that attempts to avoid the recessionary costs of a sharp reduction of inflation. This paper presents two models that are consistent with the fact that, despite their dislike of inflation, policymakers nevertheless most often choose to adopt accommodative policies and implement gradual stabilization programs. The models presented in this paper emphasize the role of backward-looking indexation and the existence of fixed costs associated with the implementation of a stabilization program. Copyright 1995 by Ohio State University Press.