The Expectations Trap Hypothesis
收藏NBER2000-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7809
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资源简介：
We explore a hypothesis about the take-off in inflation that occurred in the early 1970s. According to the expectations trap hypothesis, the Fed was pushed into producing the high inflation out of a fear of violating the public's inflation expectations. We compare this hypothesis with the Phillips
提供机构：
美国国家经济研究局
创建时间：
2000-07-01
