Ohanian, Lee E. - In: Journal of Economic Dynamics and Control 49 (2014) C, pp. 35-48
This paper studies the impact of Federal Reserve policies that created the largest deviations from price stability during the Fed׳s first 100 years: the post-World War I deflation, the deflation of the Great Depression, the inflation of World War II, and the Great Inflation of the 1970s. In...