The Great Inflation: Did the Shadow Know Better?

William Poole, Robert H. Rasche, David C. Wheelock

NBER Working Paper No. 16910
Issued in March 2011

---- Acknowledgments ----

The authors thank the conference participants, especially Allan Meltzer and Christina Romer, and two referees for their comments on previous versions of this paper. The views expressed in this paper do not necessarily reflect those of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the National Bureau of Economic Research.

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