On the Costs and Benefits of Anti-Inflation Policies

Laurence H. Meyer · Robert H. Rasche

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Monetary Policy and Economic Impact Economic theories and models Unemployment and Economic Growth

Abstract

This article develops three views of the dynamics of inflation and unemployment: the expectations-augmented Phillips curve model, a monetarist model of the relation of monetary change to both inflation and unemployment, and a rational expectations model.

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1977The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy 1982Transition from inflation to price stability

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1980Money, Inflation, and Economic Growth: Some Updated Reduced Form Results and Their Implications

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