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

Andrew Levin, John B. Taylor

Chapter in forthcoming NBER book The Great Inflation: The Rebirth of Modern Central Banking, Michael D. Bordo and Athanasios Orphanides, editors

---- Acknowledgements -----

Andrew Levin is a federal employee; he did not receive any funding for this research, and he has no outside financial relationships.

John B. Taylor acknowledges research support for this project. from Stanford University, where he is a professor of economics, and from Stanford's Hoover Institution, where he is a senior fellow.

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