Printer Friendly

United States : Richmond Fed research challenges the Volcker Disinflation story.

The Richmond Feds latest Economic Brief challenges the standard narrative of the causes of the disinflation that occurred under former Federal Reserve Chairman Paul Volcker.

Economists often describe the Great Inflation of the 1970s as a failure of monetary policy actions of the Federal Reserve under former Chairman Arthur Burns. According to conventional wisdom, after Volcker became Fed chairman in 1979, he implemented abrupt changes in the conduct of monetary policy that curbed inflation. The Richmond Fed Economic Brief argues instead that Volckers actions were the culmination of a gradual shift in policy that began under Burns.

The Richmond Feds Economic Brief series provides web-exclusive essays on current economic issues and trends. Sign up to receive an email notification when a new essay is posted.

[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2016 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Nov 5, 2016
Words:138
Previous Article:Hong Kong : Swire Properties Celebrates Grand Opening of Brickell City Centre in Miami.
Next Article:Seychelles : Joint press Communique - Completion of baseline survey on financial literacy.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters