Discretionary monetary policy with costly inflation

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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