Batini, Nicoletta (contributor); Nelson, Edward (contributor) - 2005
underestimation of the importance of monetary policy in demand management until 1970; a failure to distinguish real and nominal … characterizes the favorable economic performance in the 1990s and 2000s as the culmination of an overhaul of macroeconomic policy … alter the monetary base; and the adherence by policymakers in the 1960s and 1970s to nonmonetary views of the inflation …