On recognizing inflation

William E. Cullison

No 88-06, Working Paper from Federal Reserve Bank of Richmond

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. ; A version of this work was published in the Federal Reserve Bank of Richmond's Economic Review, 1988, V. 74, No. 4

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 1988
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Citations: View citations in EconPapers (4)

Published in Federal Reserve Bank of Richmond Economic Review, 1988, V. 74, No. 4 )

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