Dennis, R. (1999) Discretionary monetary policy with costly inflation. Economics Letters, 65(1), pp. 91-96. (doi: 10.1016/S0165-1765(99)00123-8)
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Abstract
This paper considers how an output cost of inflation affects the discretionary inflation bias. We show that conditions exist under which costly inflation actually increases this inflation bias.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Dennis, Professor Richard |
| Authors: | Dennis, R. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Economics Letters |
| Publisher: | Elsevier |
| ISSN: | 0165-1765 |
| ISSN (Online): | 1873-7374 |
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