Browsing Titles index "Monetary Policy When Wages Are Downwardly Rigid: Friedman Meets Tobin"
Now showing items 1-1 of 1
-
Monetary Policy When Wages Are Downwardly Rigid: Friedman Meets Tobin
(Université de Montréal. Département de sciences économiques., 2009-11)In a monetary economy with downwardly rigid wages, the central banker should target a low, but strictly positive, inflation rate.