Introduction to "The Great Inflation"
Chapter in NBER book The Great Inflation: The Rebirth of Modern Central Banking (2013), Michael D. Bordo and Athanasios Orphanides, editors (p. 1 - 22)
This introductory chapter first discusses the dimensions of the Great Inflation from 1965 to 1982, which caused significant damage to the US economy and to the economies of many other countries, and then surveys the themes that have dominated the research on the Great Inflation from the 1970s to the present. An overview of the subsequent chapters is also presented.
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This paper was revised on March 7, 2012
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