3 Feldstein, Martin: "The Costs and Benefits of going from Low Inflation to Price Stability", in C. Romer and D. Romer (eds. ), Monetary Policy and Inflation, Chicago. University of Chicago Press, 1996.
From this perspective, then, it is not surprising that the Dodd-Frank Act implementation has been a major undertaking, that banks (and sometimes supervisors) feel overwhelmed by the breadth of the resulting compliance effort, and that there is some overlap among some of the regulations.