Journal Article

Price stability and world economic recovery


Abstract: An assertion that central banks can promote long-term investment and stable economic growth only by guaranteeing price stability and that a coordinated global easing of monetary policies would damage central-bank credibility and jeopardize progress against inflation.

Keywords: Prices; Monetary policy; Banks and banking, Central;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1991

Issue: Jul

Order Number: 1