Bordo, Michael D. (contributor); Dueker, Michael (contributor) - 2007
.S. experiences with those of nine other countries,
including Germany and the United Kingdom. Those studies find that stock market …, though some studies
conclude that the Fed also sought to contain the booming stock market.
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Bordo and Wheelock (2007) find … growth at 2% per year would imply
actual deflation, not negligible inflation.” In the event, inflation remained between 2 …