The Great Inflation: Did The Shadow Know Better?
Chapter in NBER book The Great Inflation: The Rebirth of Modern Central Banking (2013), Michael D. Bordo and Athanasios Orphanides, editors (p. 61 - 107)
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Research support was provided by the Federal Reserve Bank of St. Louis. The analysis and conclusions of this chapter do not necessarily represent official positions of the Federal Reserve Bank of St. Louis or the Federal Reserve System.