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inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … both domestic and international aspects of the monetary regime before World War I has since declined in its relevance. At … and doctrine that developed under the pre-World War I convertible regime proved to be inadequate to deal with domestic …
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Over the past decade and a half Axel Leijonhufvud has written extensively on monetary regimes and their connection to nominal and real economic performance. Monetary regimes are important because they determine whether countries follow stable or unstable monetary policies and hence have stable...
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world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the …Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy … allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of …
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"Proceedings from the 2022 Hoover Institution monetary policy conference examine recent inflation in the wake of fiscal … and other shocks and measures by the Federal Reserve intended to counter inflation." …
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