Pittaluga, Giovanni Battista; Seghezza, Elena - In: Economia Internazionale / International Economics 65 (2012) 1, pp. 65-81
The prevalent reinterpretations of the Great Inflation formulated in recent periods attribute the inflationist acceleration of the 1970s mainly to the fact that policymakers at the time based themselves on ‘mistaken’ economic ideas, above all the traditional Phillips curve. However, the...