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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 …
Persistent link: https://www.econbiz.de/10005530787
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The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations
Orphanides, Athanasios; Williams, John C - C.E.P.R. Discussion Papers - 2005
, inflation expectations would have remained anchored and the stagflation of the 1970s would have been avoided. Indeed, we find …
Persistent link: https://www.econbiz.de/10005662108