Inflation and Monetary Policy in the Twentieth Century

We characterize the change in the nature of the money growth-inflation and unemployment-inflation relationships between the first and second halves of the 20th century. The changes are substantial, and we discuss some of the implications for modeling inflation dynamics. We stress the implications for models of inflation which say that bad inflation outcomes are the consequence of poorly designed monetary policy institutions

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Year of publication:	2003
Authors:	Christiano, Lawrence J. ; Fitzgerald, Terry J.
Publisher:	[S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Inflation \| Großbritannien \| United Kingdom

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Extent:	1 Online-Ressource (24 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Perspectives, First Quarter, 2003
Other identifiers:	10.2139/ssrn.378322 [DOI]
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014089417