The Road to Price Stability
11 Pages Posted: 3 May 2006
Date Written: January 2006
Abstract
Nearly a quarter-century after Paul Volcker's declaration of war on inflation on October 6, 1979, Alan Greenspan declared that the goal had been achieved. Drawing on the extensive historical record, I examine the views of Chairmen Volcker and Greenspan on some aspects of the evolving monetary policy debate and explore some of the distinguishing characteristics of the disinflation.
Keywords: Price stability, monetary policy, Paul Volcker, Alan Greenspan.
JEL Classification: E52, E58, E61
Suggested Citation: Suggested Citation
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