A Proposal to End Inflation
Bibliographic Data
| ID | 9705828 |
|---|---|
| Authors | Kevin Dowd (0000-0002-6298-1612, Sheffield Hallam University, corresponding author) |
| Year | 1994 |
| Volume | 104 |
| Issue | 425 |
| Pages | 828 |
| Publication date | 1994-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2234978 |
| OpenAlex | W2075560424 |
| Language | EN |
| Citations received | 1 |
This paper suggests how the price level could be stabilised by the Bank of England adopting a rule to peg the price of a new financial instrument. This new instrument would be similar but not identical to a price-index futures contract. The paper explains how the scheme would work, assesses potential objections, and discusses how the Bank could enhance the credibility of its commitment to the rule. It also compares the scheme with the alternatives of targeting the monetary growth rate or targeting the price level
Consumer price index (South Africa · Credibility · Economics · Financial economics · Futures contract · Index (typography · Inflation (cosmology · Inflation targeting · Macroeconomics · Monetary economics · Monetary policy · Price index · Scheme (mathematics · Work (physics · Computer Science · Economic Theory and Policy · Economic, financial, and policy analysis · Engineering · Fiscal Policies and Political Economy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,08 |
| Citation span | 2014 - 2014 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |