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Monetary Policy and Inflation in the 1980s: A Personal View

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  • Martin Feldstein

Abstract

This paper, which was written as a part of the NBER project on American economic policy in the 1980s, reviews some of the major changes in monetary policy during that period. The paper tries to explain why policies changed in the way that they did and looks particularly at the role of economists and economic analysis in shaping those developments.

Suggested Citation

  • Martin Feldstein, 1993. "Monetary Policy and Inflation in the 1980s: A Personal View," NBER Working Papers 4322, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:4322
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    References listed on IDEAS

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    1. Feldstein, Martin, 2009. "Inflation, Tax Rules, and Capital Formation," National Bureau of Economic Research Books, University of Chicago Press, number 9780226241791, December.
    2. Martin Feldstein, 1992. "The Recent Failure of U.S. Monetary Policy," NBER Working Papers 4236, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Atif Mian & Amir Sufi & Emil Verner, 2017. "How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s," NBER Working Papers 23802, National Bureau of Economic Research, Inc.

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    More about this item

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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