The Costs and Benefits of Price Stability

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ISBN: 9780226241760

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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