The quest for prosperity without inflation
Article Abstract:
The informational limitations of activist policies result in worse macroeconomic performance. The dismal economic outcomes of the Great Inflation have resulted from overoptimistic assessments of the output gap of the activist policies.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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The incredible Volcker disinflation
Article Abstract:
The contributing factors for the decline of inflation in 1980, under chairman Paul Volcker of Federal Reserve Board, are examined.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2005
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Optimal monetary policy with the cost channel
Article Abstract:
Implication of integrating cost channel of monetary policy into new Keynesian model on inflation is examined.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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