Would Committing the Federal Reserve to a Goal Of Price Stability Promote Economic Efficiency?

Reviews theoretical and empirical literature to examine whether replacing the Federal Reserve's current multi-goal mandate of maximum employment, stable prices, and moderate long-term interest rates with a single goal of stable price would promote economic efficiency.

Bibliographic Details

Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2002.
Series:	U.S. Congressional Research.
Subjects:	Inflation (Finance) Interest rates. Monetary policy. Electronic books.
Online Access:	Connect to the full text of this electronic book