Bordo, Michael D. (contributor); Dueker, Michael (contributor) - 2007
was rapid and inflation was low,
and end within a few months of an increase in inflation and monetary policy
tightening …. Latent variable VAR analysis of post-war data finds that inflation has had
a particularly strong impact on market conditions …, with disinflation shocks moving
the market toward a boom and positive inflation shocks moving the market toward a
bust …