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~institution:"C.E.P.R. Discussion Papers"
~institution:"European Central Bank"
~institution:"Institut für Höhere Studien und Wissenschaftliche Forschung"
~subject:"Rational Expectations"
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STAGFLATION : ANSAETZE IN THEO...
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European Central Bank
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The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations
Orphanides, Athanasios
;
Williams, John C.
-
European Central Bank
-
2004
expectations would have remained anchored and the
stagflation
of the 1970s would have been avoided. Indeed, we nd that less …
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