NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Great Inflation

Michael D. Bordo and Athanasios Orphanides, editors

Conference held September 25-27, 2008
Forthcoming from University of Chicago Press


The following chapters are preliminary drafts unless otherwise noted. They have not yet been subjected to the formal review process of the NBER. This page will be updated as individual chapters are revised.

Table of Contents

Front matter, table of contents, preface: Michael D. Bordo, Athanasios Orphanides (bibliographic info)

Introduction: Michael Bordo, Athanasios Orphanides (bibliographic info) (download)

Summary: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download)

Panel Session I, Practical Experiences in Reducing Inflation: A View from the Trenches: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download)
       Panel: Don Brash (bibliographic info) (download)
       Panel: John Crow (bibliographic info) (download)

1. The Great Inflation: Did The Shadow Know Better?: William Poole, Robert H. Rasche, David C. Wheelock (bibliographic info) (download) version of December 17, 2009
       Comment: Christina D. Romer (bibliographic info) (download) version of June 23, 2010

2. The Supply-Shock Explanation of the Great Stagflation Revisited: Alan S. Blinder, Jeremy B. Rudd (bibliographic info) (download) version of February 23, 2010

Discussion summary: Early Explanations: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download) version of August 8, 2011

3. The Great Inflation Drift: Marvin Goodfriend, Robert G. King (bibliographic info) (download) version of December 17, 2009
       Comment: Lars Svensson (bibliographic info) (download)

4. Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation: Andrew Levin, John B. Taylor (bibliographic info) (download) version of December 28, 2009
       Comment: Bennett McCallum (bibliographic info) (download)

5. Monetary Policy Mistakes and the Evolution of Inflation Expectations: Athanasios Orphanides, John C. Williams (bibliographic info) (download) version of September 22, 2010
       Comment: Seppo Honkapohja (bibliographic info) (download)

Discussion summary: The Failure of Monetary Policy: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download)

6. Opting Out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods: Andreas Beyer, Vitor Gaspar, Christina Gerberding, Otmar Issing (bibliographic info) (download) version of December 17, 2009
       Comment: Benjamin Friedman (bibliographic info) (download) version of June 23, 2009

7. Great Inflation and Central Bank Independence in Japan: Takatoshi Ito (bibliographic info) (download) version of February 18, 2010
       Comment: Frederic S. Mishkin (bibliographic info) (download)

8. The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes: Riccardo DiCecio, Edward Nelson (bibliographic info) (download) version of November 30, 2009
       Comment: Matthew D. Shapiro (bibliographic info) (download)

Discussion summary: Other Countries' Experiences during the Great Inflation: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download) version of August 8, 2011

9. Bretton Woods and the Great Inflation: Michael Bordo, Barry Eichengreen (bibliographic info) (download) version of October 19, 2009
       Comment: Allan H. Meltzer (bibliographic info) (download)

Discussion summary: International Considerations: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download) version of August 8, 2011

Panel Session II, Lessons from History: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download)
       Panel: Donald Kohn (bibliographic info) (download)
       Panel: Harold James (bibliographic info) (download)

Discussion summary: The panel sessions: Michael D. Bordo, Athanasios Orphanides (bibliographic info) (download) version of August 8, 2011

 
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