Preface Introduction by Martin Feldstein 1. Capital Income Taxes and the Benefit of Price Stability Martin Feldstein 2. Price Stability versus Low Inflation in Germany: An Analysis of Costs and Benefits Karl-Heinz Todter and Gerhard Ziebarth 3. A Cost-Benefit Analysis of Going from Low Inflation to Price Stability in Spain Juan J. Dolado, Jose M. Gonzalez-Paramo, and Jose Vinals 4. Some Costs and Benefits of Price Stability in the United Kingdom Hasan Bakhshi, Andrew G. Haldane, and Neal Hatch Comment (on chaps. 2, 3, and 4): Andrew B. Abel Comment (on chaps. 2, 3, and 4): Rudiger Dornbusch 5. Inflation and the User Cost of Capital: Does Inflation Still Matter? Darrel Cohen, Kevin A. Hassett, and R. Glenn Hubbard Comment: Alan J. Auerbach Discussion Summary 6. Excess Capital Flows and the Burden of Inflation in Open Economies Mihir A. Desai and James R. Hines, Jr. Comment: Jeffrey A. Frankel Discussion Summary 7. Identifying Inflation's Grease and Sand Effects in the Labor Market Erica L. Groshen and Mark E. Schweitzer Comment: Laurence Ball Discussion Summary 8. Does Inflation Harm Economic Growth? Evidence from the OECD Javier Andres and Ignacio Hernando Comment: Frederic S. Mishkin Discussion Summary Contributors Author Index Subject Index ??
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