Gavin, William T. (contributor); … - 2004 - [Elektronische Ressource]
. Monetary policy reform
around 1980 led to better control, and with more stable inflation, the effect of the
interaction … aggressively to inflation shocks that were highly
persistent. Monetary policy reform around 1980 led to lower and more stable …
responded weakly to deviations of inflation from target. Monetary policy reform around
1980 led to better control of inflation …