inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … that experience have convinced monetary authorities to reemphasize the goal of low inflation, as it were, committing …

"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." …

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 … the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing …

and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation …We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates … expectations would be reflected in longer-term interest rates and the Golden Rule theory that in longer-term equilibrium the real …

and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation …We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates … expectations would be reflected in longer-term interest rates and the Golden Rule theory that in longer-term equilibrium the real …