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~isPartOf:"Applied economics"
~isPartOf:"NBER working paper series"
~person:"Christiano, Lawrence J."
~subject:"General equilibrium"
~subject:"Monetary targeting"
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The
Expectations
Trap Hypothesis
Christiano, Lawrence J.
-
2000
We explore a hypothesis about the take-off in inflation that occurred in the early 1970s. According to the
expectations
…
expectations
. We compare this hypothesis with the Phillips curve hypothesis, according to which the Fed produced the high inflation …
Persistent link: https://www.econbiz.de/10012470941
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2
Expectation Traps and Monetary Policy
Albanesi, Stefania
-
2002
, absence of commitment leads to multiple equilibria, or expectation traps. In these traps,
expectations
of high or low …
expectations
. We find support in cross-country evidence for key implications of the model …
Persistent link: https://www.econbiz.de/10012469802
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