Zarnowitz, Victor - National Bureau of Economic Research (NBER) - 2000
two previous long economic expansions, using 31 variables on real activity, inflation, productivity, wages, profits …. Inflation was decreasing or stable, a fact which is new for the post-World War II period (but not for the longer historical … interest rates reflected mostly reductions in inflation and the national debt. Profit margins increased strongly. Still, there …