Expecting Inflation: The Case of the 1950s

Executive Summary

The 1950s and the 1970s

The Phillips Curve and the “Great Inflation”

Source: BLS
Source: BLS
Source: BLS

Inflation Expectations and the “Great Inflation”

Source: BLS

The Natural Rate of Interest and the Great Inflation

Source: BLS, Board of Governors of the Federal Reserve

Capacity, Demand, and “Inflation Expectations”

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store