Hidden Bibliographic Details
| Other authors / contributors: | Tokarick, Stephen.
International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1282027603
9781282027602
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| Notes: | "August 1998."
Includes bibliographical references (pages 18-20).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Description based on print version record.
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| Summary: | In recent years, the rate of inflation in all of the major industrial countries has moved to low levels, averaging just 2 percent in 1997, and the rate is estimated to fall to 1.7 percent in 1998.2 Most would agree that, despite a degree of estimation bias in calculating inflation rates, these low rates are not generally consistent with price stability.3 In the low-inflation environment that now characterizes many industrial countries, should a policy of further disinflation be pursued? Reaching a judgement on this question requires weighing the benefits from a further reduction in inflation against potential costs. For example, the Government of Canada and the central bank recently grappled with this question and decided to extend its official core inflation target of 1-3 percent through 2001.4 This paper reviews the important factors that need to be considered in deciding whether to move from low to even lower inflation.
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| Other form: | Print version: Leidy, Michael P. Considerations in reducing inflation from low to lower levels. [Washington, D.C.] : International Monetary Fund, Western Hemisphere, ©1998
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