Discretionary monetary policy with costly inflation

Richard Dennis

doi:10.1016/s0165-1765(99)00123-8

Discretionary monetary policy with costly inflation

Richard Dennis^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

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.

Original language	English
Pages (from-to)	91-96
Number of pages	6
Journal	Economics Letters
Volume	65
Issue number	1
DOIs	https://doi.org/10.1016/s0165-1765(99)00123-8
Publication status	Published - Oct 1999

Access to Document

10.1016/s0165-1765(99)00123-8

Cite this

@article{51d573e77c184ea1bad4a71817eca715,

title = "Discretionary monetary policy with costly inflation",

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.",

keywords = "E31, E52, Inflation bias, Monetary policy, Time-inconsistency",

author = "Richard Dennis",

year = "1999",

month = oct,

doi = "10.1016/s0165-1765(99)00123-8",

language = "English",

volume = "65",

pages = "91--96",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "1",

}

TY - JOUR

T1 - Discretionary monetary policy with costly inflation

AU - Dennis, Richard

PY - 1999/10

Y1 - 1999/10

N2 - 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.

AB - 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.

KW - E31

KW - E52

KW - Inflation bias

KW - Monetary policy

KW - Time-inconsistency

UR - https://www.scopus.com/pages/publications/0042097924

U2 - 10.1016/s0165-1765(99)00123-8

DO - 10.1016/s0165-1765(99)00123-8

M3 - Article

SN - 0165-1765

VL - 65

SP - 91

EP - 96

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Discretionary monetary policy with costly inflation

Abstract

Access to Document

Other files and links

Fingerprint

Cite this