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Would the Bundesbank Have Prevented the Great Inflation in the United States?
Benati, Luca - 2009
that the Bundesbank – which is near-universally credited for sparing West Germany the Great Inflation – would also not have …
Persistent link: https://www.econbiz.de/10013153230
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Evolving U.S. Monetary Policy and the Decline of Inflation Predictability
Benati, Luca - 2007
Using a structural VAR with time-varying parameters and stochastic volatility on post-WWII U.S. data, we document a striking negative correlation between the evolution of the long-run coefficient on inflation in the monetary rule and the evolution of the persistence and predictability of...
Persistent link: https://www.econbiz.de/10012775858