Buiter, Willem H. (contributor) - 2006
price in.ation;(2) Optimal monetary policy implements Bailey-Friedman optimal quantity of money rule.No welfare …-economics based argument for price stability as an objective (let alone the overriding objective) of monetary policy can be …
STABILITY AS A
MONETARY POLICY
OBJECTIVE
WHY NEW KEYNESIAN
CENTRAL BANKERS
SHOULD VALIDATE
CORE INFLATION
by Willem H …