Orphanides, Athanasios (contributor); … - 2003 - [Elektronische Ressource]
currently understood, fueling an increase in inflation. A similar error occurred after the
1975 recession, contributing to a … consider to be the beginning of the Great
Inflation in the United States.
5.1 Initial Conditions
The states of the model …
remained moderate throughout the 1960s and 1970s. In this simulation, the trend rise in
inflation associated with the “Great …