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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
Description
Summary: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.
Item Description:Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC.
CRS Report.
Electronic resource.
Physical Description:1 online resource.