Title of article
The GreatInflationandtheGreenbook
Author/Authors
Giacomo Carboni، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
11
From page
831
To page
841
Abstract
Can thestoryofevolvingFederalReservebeliefsin The ConquestofAmericanInflation
simultaneouslyexplaintheGreatInflationandtheforecastspublishedintheGreenbook
duringthattime?IfSargentiscorrectthenevolvingbeliefsshouldbereflectednotonly
in policyoutcomesbutalsoinGreenbookforecasts.Inthispapertheyare.By
conditioningontheGreenbook,itisshowthatbothinflationoutcomesandGreenbook
forecasts canberationalisedbyevolvingbeliefs.Theresultsimproveonrecentempirical
evidencethathasbeencriticisedforrelyingonunrealisticbeliefsthatproduceforecasts
inconsistentwiththeGreenbook
Keywords
Great InflationGreenbookLearningMonetary policy
Journal title
Journal of Monetary Economics
Serial Year
2008
Journal title
Journal of Monetary Economics
Record number
846335
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