St Louis Fed's Regional Economist, July 2006

The Regional Economist, July 2006 edition, from the St Louis Fed includes the article "Inflation's economic cost: How large? How certain?" Central bankers believe that low inflation and long-term economic growth go hand in hand. The evidence about the costs of inflation, however, is not as clear-cut.

Among central bankers, the maintenance of low and stable inflation is widely regarded as a sign of overall good economic management. Economists today agree that economic growth, in and of itself

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