On recognizing inflation
William E. Cullison
Economic Review, 1988, issue jul, 4-12
Forecasters experienced considerable difficulty in recognizing rising inflation and predicting its intensity in 1972-82. Possible explanations discussed are: 1) unpredictable supply shocks, 2) excessive attention to nonmonetary developments, and 3) actual money growth overshooting its targeted growth rate.
Keywords: Forecasting; Inflation (Finance) (search for similar items in EconPapers)
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