International Finance Discussion Papers: Three Great American Disinflations by Michael Bordo

International Finance Discussion Papers: Three Great American Disinflations

Michael Bordo

46 pages missing pub info (editions)

nonfiction politics
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This paper analyzes the role of transparency and credibility in accounting for the widely divergent macroeconomic effects of three episodes of deliberate monetary contraction: the post-Civil War deflation, the post-WWI deflation, and the Volcker d...

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