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On recognizing inflation

William E. Cullison

Economic Review, 1988, issue jul, 4-12

Abstract: 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)
Date: 1988
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Handle: RePEc:fip:fedrer:y:1988:i:jul:p:4-12:n:v.74no.4