Bordo, Michael D.; Dueker, Michael J.; Wheelock, David C. - Federal Reserve Bank of St. Louis - 2007
, and end within a few months of an increase in inflation and monetary policy tightening. Latent variable VAR analysis of …
* Department of Economics, Rutgers University and NBER. Bordo@fas-econ.rutgers.edu
** Research Division, Federal Reserve Bank … securities and the movement of capital across international borders.
Wartime controls were gradually relaxed, but deregulation …