The Resource Price Stability and Financial Stability: The Historical Record

Price Stability and Financial Stability: The Historical Record

Label
Price Stability and Financial Stability: The Historical Record
Title
Price Stability and Financial Stability: The Historical Record
Creator
Contributor
Author
Contributor
Subject
Summary
Many countries mandate inflation control as the paramount objective for monetary policy. Critics argue, however, that such a narrow focus compromises monetary authorities' responsibility to preserve stability of the financial system and that a more limited focus on inflation control could increase financial instability. The authors examine the economic histories of the United States, the United Kingdom, and Canada, and determine that most episodes of severe financial instability occurred during disinflationary periods that followed sustained inflation. They conclude that the evidence appears to support the claims of those who argue that control of inflation could enhance, rather than detract from, the stability of a financial system
http://library.link/vocab/creatorName
  • Bordo, Michael D
  • Inter-university Consortium for Political and Social Research [distributor]
http://library.link/vocab/relatedWorkOrContributorName
Wheelock, David C.
Label
Price Stability and Financial Stability: The Historical Record
Instantiates
Publication
Note
1191
Control code
ICPSR01191.v1
Governing access note
Access restricted to subscribing institutions
Label
Price Stability and Financial Stability: The Historical Record
Publication
Note
1191
Control code
ICPSR01191.v1
Governing access note
Access restricted to subscribing institutions

Library Locations

    • Bowdoin College LibraryBorrow it
      3000 College Station, Brunswick, ME, 04011-8421, US
      43.907093 -69.963997
Processing Feedback ...