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Remembering Inflation - Princeton Scholarship Online
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Remembering Inflation

Brigitte Granville


Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the “Great Inflation” that spanned the late 1960s to early 1980s. Yet, this book makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. The book details the advances in macroeconomic thinking that gave rise to the “Great Moderation”—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financ ... More

Keywords: global economy, Great Moderation, macroeconomics, economic growth, stable inflation, monetary thought, unemployment, price level, central bank, monetary policy

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780691145402
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691145402.001.0001


Affiliations are at time of print publication.

Brigitte Granville, author
University of London