<DIV>While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible...</div>

<DIV>In <I>Monetary Policy,</I> leading monetary economists discuss applied aspects of monetary policy and offer practical new research on the timing, magnitude, and channels of central banking actions.<BR><BR>Some of the papers in this volume evaluate a variety of policy rules based on monetary aggregates, nominal...</i></div>