Henry, Peter Blair (contributor) - 2001 - [Elektronische Ressource]
The Net Present Value of Stabilizing Inflation
Peter Blair Henry
*
Stanford University and NBER
September 2001 …
Abstract
When countries attempt to stabilize annual inflation rates that are greater than 40 percent,
the domestic stock … inflation outweighs the present value
of the short-run costs. In contrast, the average market response is economically weak …