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Working Paper
The road to price stability
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.
Journal Article
Statement on the death of Arthur F. Burns
Journal Article
The rapid growth of debt in the United States
Journal Article
What remains from the Volcker experiment?
Journal Article
Fed's bold actions harken back to Volcker era