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Monetary Policy Mistakes and the Evolution of Inflation Expectations

Athanasios Orphanides, John C. Williams

Chapter in NBER book The Great Inflation: The Rebirth of Modern Central Banking (2013), Michael D. Bordo and Athanasios Orphanides, editors (p. 255 - 288)
Conference held September 25-27, 2008
Published in June 2013 by University of Chicago Press
© 2013 by the National Bureau of Economic Research

---- Acknowledgments ----

---- Disclosure of Financial Relationships for Athanasios Orphanides ----

The author was governor of the Central Bank of Cyprus when this paper was written.

---- Disclosure of Financial Relationships for John C. Williams ----

I was an employee of the Federal Reserve Bank of San Francisco and Stanford University during the preparation of this paper. I received no outside funding for this work.

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