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Stable Inflation Fosters Sound Economic Decisions

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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.

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.


Suggested citation: Hoehn, James G., 1988. "Stable Inflation Fosters Sound Economic Decisions," Federal Reserve Bank of Cleveland, Economic Commentary, 05.01.1988.

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