Finance and Economics Discussion Series: The Opportunistic Approach to Disinflation by David W. Wilcox, Athanasios Orphanides

Finance and Economics Discussion Series: The Opportunistic Approach to Disinflation

David W. Wilcox, Athanasios Orphanides

34 pages missing pub info (editions)

nonfiction politics
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This paper explores the theoretical foundations of a new approach to monetary policy. Proponents of this approach hold that when inflation is moderate but still above the long-run objective, the Fed should not take deliberate anti-inflation action...

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