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Theories of Policy Accommodation
			: The Persistence of Inflation and Gradual Stabilizations

Theories of Policy Accommodation : The Persistence of Inflation and Gradual Stabilizations »

Volume/Issue: 1992/19

Series: IMF Working Papers

Author(s): Jose De Gregorio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1992

DOI: http://dx.doi.org/10.5089/9781451843699.001

ISBN: 9781451843699

Keywords: monetary policy, rate of inflation, inflationary expectations, inflation rate

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three expla...

Theories of Policy Accommodation

Theories of Policy Accommodation »

Source: Theories of Policy Accommodation : The Persistence of Inflation and Gradual Stabilizations

Volume/Issue: 1992/19

Series: IMF Working Papers

Author(s): Jose De Gregorio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1992

ISBN: 9781451843699

Keywords: monetary policy, rate of inflation, inflationary expectations, inflation rate

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three expla...