Orphanides, Athanasios (contributor); … - 2004
, Learning.
Non-technical summary
The \New Economics" of the 1960s prescribed activist policies aimed at achieving and … in the rst half of the 1960s
appeared to validate the promise of the \New Economics," but this success proved to be … could go before igniting inflation
pressures. Given the activist bent of policymakers influenced by the \New Economics …