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  • curprev 16:1216:12, 28 July 2021188.96.170.248 talk 786 bytes +786 Created page with "{{wikipedia|Theory of the second best}} ==English== ===Adjective=== {{en-adj}} # {{lb|en|economics}} Characterized by being a third best in the below sense. #* '''1997''', Lars E. O. Svensson, ''Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts'', in: ''The American Economic Review'', Mar 1997, Vol. 87, No. 1, pp. 98-114 #*: This reduces the inflation bias but brings higher employment variability than is optimal, a "stabilization b..."