Key points are not available for this paper at this time.
George A. Akerlof, William T. Dickens, George L. Perry, Robert J. Gordon, N. Gregory Mankiw, The Macroeconomics of Low Inflation, Brookings Papers on Economic Activity, Vol. 1996, No. 1 (1996), pp. 1-76
Akerlof et al. (Mon,) studied this question.