Mishkin, Frederic S. - 2007
(figure 1). Most OECD countries today have inflation
rates around the 2 percent level, which is consistent with what most … economists see as price
stability, and the volatility of inflation has also fallen dramatically (figure 2). One concern might … exciting.
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I.
Advances in the Science of Monetary Policy in Recent Decades
Over the last five decades, monetary …