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The road to price stability

Athanasios Orphanides ()

No 2006-05, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (US)

Abstract: Nearly a quarter-century after Paul Volcker's declaration of war on inflation on October 6, 1979, Alan Greenspan declared that the goal had been achieved. Drawing on the extensive historical record, I examine the views of Chairmen Volcker and Greenspan on some aspects of the evolving monetary policy debate and explore some of the distinguishing characteristics of the disinflation.

Keywords: Anti-inflationary policies; Monetary policy; Greenspan, Alan; Volcker, Paul A. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
Date: 2006
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Journal Article: The Road to Price Stability (2006) Downloads
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