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Conference Paper
Monetary policy in the information economy
Conference Paper
Overview : income inequality : issues and policy options
Conference Paper
Monetary policy strategies : a central bank panel
Conference Paper
How should central banks reduce inflation? conceptual issues
Conference Paper
Commentary: central banks and the financial system
Journal Article
How should central banks reduce inflation? - Conceptual issues
In remarks made before the Federal Reserve Bank of Kansas City's 1996 symposium, Achieving Price Stability, Mr. King discussed how quickly a central bank should reduce inflation to its desired level following an inflationary episode. He argued that a central bank is unlikely to wish to move immediately to price stability, since there are costs to disinflation and these costs increase more than proportionally with the rate of disinflation. These costs, which arise because economic agents have to learn about the central bank's commitment to price stability, also mean that a central bank may ...
Conference Paper
Challenges for monetary policy : new and old