Metadata record for Costs and Benefits of Price Stability: An Assessment of Howitt's Rule1159Inter-university Consortium for Political and Social ResearchICPSR metadata records are licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.2024-03-19Costs and Benefits of Price Stability: An Assessment of Howitt's Rule115910.3886/ICPSR01159.v1Thornton, Daniel L.Please see full citation.Ann Arbor, MI: Inter-university Consortium for Political and Social Research1998-08-27Thornton, Daniel L. Costs and Benefits of Price Stability: An Assessment of Howitt's Rule. ICPSR01159-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1998-08-27. http://doi.org/10.3886/ICPSR01159.v1http://doi.org/10.3886/ICPSR01159.v1cost effectivenesseconomic growth rateinflationprice fluctuationsprice trendsICPSR XVIII. Replication DatasetsAssuming inflation affects both the level and growth rate of output, the author states Howitt's Rule and explains how it argues for a continued policy of moderate inflation. Next, alternative estimates of the costs of achieving price stability are analyzed, and then those costs are compared with estimates of the gain from achieving price stability when inflation reduces the level or growth rate of output. Finally, the cross-section and time-series evidence on the effects of inflation on output growth is reviewed.Please see geographic coverage.United States(1) The file submitted, MA96DT.EXE, unzips to MA96PMG.DT, which contains the programs for all the figures and tables, and MA96DATA.DT, which contains the data for all the figures and tables. Also included in MA96DT.EXE are other files, APPEND.DAT, APPEND.DHT, AS.GCG, PVL.FMT and PVL.WK1. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.Ann Arbor, Mi.: Inter-university Consortium for Political and Social Research
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