Bianchi, Francesco - Society for Economic Dynamics - SED - 2009
This paper is focused on the evolution of inflation and output dynamics over the last 50 years, the changes in the …, inflation would not have reached the peaks of the late `70s and the inflation-output trade-off would have been less severe. This … potentially important gains from committing to a regime of inflation targeting. Finally, I show that in the last year the Fed has …