Unformatted text preview: 2. The new facts 3. An important message: Just because things are data doesn’t mean they’re true! 4. Why didn’t the economy become more stable? B. The early postwar decades versus 1985-2005 1. The facts: the “Great Moderation” 2. Why did the economy become more stable? III. I NFLATION AND M ONETARY P OLICY OVER THE P OSTWAR P ERIOD A. Inflation 1. The big picture: The rise and fall of inflation 2. Looking in more detail B. The role of monetary policy 1. Monetary policy and inflation 2. Issues that this raises C. A brief introduction to postwar monetary policy...
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This note was uploaded on 02/28/2012 for the course ECON 134 taught by Professor Davidromer during the Spring '12 term at Berkeley.
- Spring '12