Bolt, W.; Rooij, M.C.J. van; Tieman, A.F. - de Nederlandsche Bank - 2001
This report reviews Thomas J. Sargents essay 'The Conquest of American Inflation' (1999). Sargent searches for a model which can explain postwar US inflation and which may shed light on the dynamic forces which drive this pattern. Following Sargent, the conquest of US inflation is due to a...