NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Great Inflation Drift

Marvin Goodfriend, Robert G. King

Chapter in NBER book The Great Inflation: The Rebirth of Modern Central Banking (2013), Michael D. Bordo and Athanasios Orphanides, editors (p. 181 - 209)
Conference held September 25-27, 2008
Published in June 2013 by University of Chicago Press
© 2013 by the National Bureau of Economic Research

---- Acknowledgements -----

Marvin Goodfriend served as a consultant to the Federal Reserve Bank of New York while this research was undertaken.

Robert G. King served as a consultant to the research department at the Federal Reserve Bank of Richmond during the course of this research.

However, the views expressed in this paper are not necessarily those of the FRB Richmond, the FRB New York, or the Federal Reserve System.

---- Disclosure of Financial Relationships for Marvin Goodfriend -----

Marvin Goodfriend was Senior Vice President and Policy Advisor at the Federal Reserve Bank of Richmond until 2005. He is currently a member of the Economic Advisory Panel of the Federal Reserve Bank of New York. He was a member of the Monetary Policy Advisory Panel of the Federal Reserve Bank of New York in 2009. He is a member of the Federal Reserve System’s Centennial Advisory Council. He served as a compensated consultant for a Federal Reserve Bank. He received compensation for presenting research findings at a conference sponsored by a Federal Reserve Bank. He has been a visiting scholar at three Federal Reserve Banks. He has received compensation from hedge fund, commercial bank, and accounting firms for speaking at sponsored gatherings. He served as a compensated consultant for a hedge fund.

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