Zero Inflation: Hearing Before the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred First Congress, First Session-second Session, on H.J. Res. 409 ...
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
U.S. Government Printing Office, 1990 - Budget deficits
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achieving zero inflation actual and potential actual GNP adaptive expectations Almon believe benefits bond market budget deficits Chairman Neal Chief Economist Committee on Banking Congress Conservative cost of achieving credible current level decline Department of Commerce Domestic Monetary Policy economic models eliminating inflation excess capacity exercise Federal Reserve FINANCE AND URBAN financial markets fiscal side GNP can grow GNPGAP going government credit demand growth in potential H.J. Res Hoagland increased inflation equations inflation rate inflationary expectations JIM BUNNING Keran legislative action legislative mandate long run long-term interest rates lost output March 28 markets form expectations Merrill Lynch Neal of North North Carolina numbers PETER HOAGLAND productivity of capital Prudential real GNP real interest rates recession reduce inflation expectations Reserve to target rise risk sero Subcommittee on Domestic supply-side economics target zero inflation tion transition costs Treasury rates U.S. economy unemployment rate University of Maryland wage