Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/107175 
Year of Publication: 
1997
Series/Report no.: 
Discussion Paper No. 1997,03e
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
Abstract: 
This study empirically investigates for the case of Germany the following question, recently posed by Feldstein (1996): "lf the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from reducing inflation to zero worth the sacrifice in output and employment that would be required to achieve it?" ...
ISBN: 
393200244X
Document Type: 
Working Paper

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