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Issues Concerning Nominal Anchors for Monetary Policy1/

Issues Concerning Nominal Anchors for Monetary Policy1/ »

Source: Issues Concerning Nominal Anchors for Monetary Policy

Volume/Issue: 1994/61

Series: IMF Working Papers

Author(s): Michael Mussa , and Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1994

ISBN: 9781451848106

Keywords: price level, inflation rate, average inflation

This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal th...

Investment in Inflationary Economies

Investment in Inflationary Economies »

Source: Investment in Inflationary Economies

Volume/Issue: 1996/105

Series: IMF Working Papers

Author(s): Eduardo Levy Yeyati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1996

ISBN: 9781451947571

Keywords: relative price, inflation rate, high inflation, average inflation

The paper presents a model of irreversible investment under uncertainty, where investment takes place whenever a threshold level of marginal returns is reached. The threshold depends positively on price volatility;...

Issues Concerning Nominal Anchors for Monetary Policy

Issues Concerning Nominal Anchors for Monetary Policy »

Volume/Issue: 1994/61

Series: IMF Working Papers

Author(s): Michael Mussa , and Robert Flood

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1994

DOI: http://dx.doi.org/10.5089/9781451848106.001

ISBN: 9781451848106

Keywords: price level, inflation rate, average inflation

This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal th...

Investment in Inflationary Economies

Investment in Inflationary Economies »

Volume/Issue: 1996/105

Series: IMF Working Papers

Author(s): Eduardo Levy Yeyati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1996

DOI: http://dx.doi.org/10.5089/9781451947571.001

ISBN: 9781451947571

Keywords: relative price, inflation rate, high inflation, average inflation

The paper presents a model of irreversible investment under uncertainty, where investment takes place whenever a threshold level of marginal returns is reached. The threshold depends positively on price volatility;...