The Supply-Shock Explanation of the Great Stagflation Revisited
Chapter in NBER book The Great Inflation: The Rebirth of Modern Central Banking (2013), Michael D. Bordo and Athanasios Orphanides, editors (p. 119 - 175)
---- Acknowledgements ----
Blinder gratefully acknowledges research support from Princeton's GRiswold Center for Economic Policy Studies.
---- Disclosure of Financial Relationships for Jeremy B. Rudd ----
I am a senior economist at the Federal Reserve Board, and was employed by the Federal Reserve (and was on a detail assignment at the U.S. Treasury Department) during the time this research project was undertaken.