James Grant Hoehn
Abstract
How should monetary policy use its control over money and prices to influence employment and output? Under a policy to stabilize inflation, people can more easily make sound production and consumption decisions, and economic activity will tend to vary appropriately with changes in productive opportunities.
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How should monetary policy use its control over money and prices to influence employment and output? Under a policy to stabilize inflation, people can more easily make sound production and consumption decisions, and economic activity will tend to vary appropriately with changes in productive opportunities.
Key concepts: Inflation (cosmology), Economics, Monetary policy, Sound (geography), Consumption (sociology), Production (economics), Monetary economics, Control (management)