2. Price Stability versus Low Inflation in Germany: An Analysis of Costs and Benefits

Chapters in this book

1. Frontmatter i
2. National Bureau of Economic Research v
3. Contents vii
4. Preface ix
5. Introduction 1
6. 1. Capital Income Taxes and the Benefit of Price Stability 9
7. 2. Price Stability versus Low Inflation in Germany: An Analysis of Costs and Benefits 47
8. 3. A Cost-Benefit Analysis of Going from Low Inflation to Price Stability in Spain 95
9. 4. Some Costs and Benefits of Price Stability in the United Kingdom 133
10. 5. Inflation and the User Cost of Capital: Does Inflation Still Matter? 199
11. 6. Excess Capital Flows and the Burden of Inflation in Open Economies 235
12. 7. Identifying Inflation’s Grease and Sand Effects in the Labor Market 273
13. 8. Does Inflation Harm Economic Growth? Evidence from the OECD 315
14. Contributors 349
15. Author Index 351
16. Subject Index 357