On recognizing inflation

Forecasters experienced considerable difficulty in recognizing rising inflation and predicting its intensity in 1972-82. Possible explanations discussed are: 1) unpredictable supply shocks, 2) excessive attention to nonmonetary developments, and 3) actual money growth overshooting its targeted growth rate. ; A version of this work was published in the Federal Reserve Bank of Richmond's Economic Review, 1988, V. 74, No. 4

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Year of publication:	1988
Authors:	Cullison, William E.
Institutions:	Federal Reserve Bank of Richmond
Subject:	Inflation (Finance)

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Extent:	text/html application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Federal Reserve Bank of Richmond Economic Review, 1988, V. 74, No. 4 ) Number 88-06
Source:	RePEc - Research Papers in Economics

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