'Nominal moneygrowth' diaporamas de présentation

Inflation, Activity, and Nominal Money Growth

Inflation, Activity, and Nominal Money Growth. The Volcker Disinflation . In October 1979, the Fed, under Paul Volcker, decided to reduce nominal money growth and decrease inflation, then close to 14% per year. Five years later, after a deep recession, inflation was down to 4% per year.

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