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The decline of activist stabilization policy: Natural rate misperceptions, learning, and expectations

Orphanides, Athanasios; Williams, John C. - 2004

We develop an estimated model of the U.S. economy in which agents form expectations by continually updating their beliefs regarding the behavior of the economy and monetary policy. We explore the effects of policymakers' misperceptions of the natural rate of unemployment during the late 1960s...

Persistent link: https://www.econbiz.de/10010298293

The decline of activist stabilization policy : natural rate misperceptions, learning, and expectations

Orphanides, Athanasios (contributor); … - 2004

Persistent link: https://www.econbiz.de/10003350055

The decline of activist stabilization policy : natural rate misperceptions, learning, and expectations

Orphanides, Athanasios; Williams, John C. - In: Journal of economic dynamics & control 29 (2005) 11, pp. 1927-1950

Persistent link: https://www.econbiz.de/10003172911

The decline of activist stabilization policy : natural rate misperceptions, learning and expectations

Orphanides, Athanasios; Williams, John C. - 2004

Persistent link: https://www.econbiz.de/10002071935

The decline of activist stabilization policy : natural rate misperceptions, learning , and expectations

Orphanides, Athanasios (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001946101

Global stagflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2022

developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …

Persistent link: https://www.econbiz.de/10013256317