HIGHLIGHTS
- who: H.Fiedler from the moment, remain at least tenuously anchoredThe University California, Berkeley, USA have published the research work: Forum Eichengreen 2 2022.indd, in the Journal: (JOURNAL)
SUMMARY
When the Fed then paused its tightening cycle in late 1979 in response to a softening economy and fears of a recession, long-term interest rates rose, contrary to what one would expect given the impending recession and indicative of expectations of accelerating inflation. Progress on the inflation problem would have to wait. As late as the end of 1980, inflation expectations according . . .
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