Barnea, Emanuel (contributor); Liviatan, Nissan (contributor) - 2006
inflation, without regard to the absolute
level of the inflation plateau. The incentive to use surprise-inflation tactics in … this
environment, led to an acceleration of inflation. This contrasts with the early period of the
1950’s and 1960’s … where the Bretton-Woods system provided a nominal anchor and hence a
concern with the level of inflation. A similar …