NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation

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Andrew Levin, John B. Taylor


This chapter is a preliminary draft unless otherwise noted. It may not have been subjected to the formal review process of the NBER. This page will be updated as the chapter is revised.

Chapter in forthcoming NBER book The Great Inflation, Michael D. Bordo and Athanasios Orphanides, editors

Commentary on this chapter: Comment, Bennett McCallum

This paper is available as PDF (1326 K) or via email.

This paper was revised on December 28, 2009

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