Every preparation likely to embarrass us, having been made over night, we commenced the inflation
this morning at daybreak ; but owing to a thick fog, which encumbered the folds of the silk and rendered it unmanageable, we did not get through before nearly eleven o'clock.
In contrast, the three major inflations of the pre-industrial period were primarily of the first type and had little to do with government policy.
Wages always fall in inflations, except for the years 1946-1970.
Sargent, "Stopping Moderate Inflations: The Methods of Poincare and Thatcher," in Inflation, Debt, and Indexation, R.
Could policymakers keep inflation low and stable without large output losses?
There is evidence that sweeping institutional changes put in place to limit hyper-inflations have had dramatically beneficial effects, but the relevance of these experiences to moderate inflation is remote.
Sargent, "The Ends of Four Big Inflations," in Robert E.
At the end of Phase 1, the major dissection rates were 3% with prolonged inflations, compared to 9% with standard inflations (P=0.
In patients initially assigned to prolonged inflations, the use of prolonged inflations in Phase 2 of the study improved the procedural success rate from 95% in Phase 1 to 98% at the end of Phase 2.
To determine why inflation
persistence is declining, it might help to examine the relationship between inflation
and past inflations
during the period over which persistence changed most dramatically-from the first quarter of 2000 to the third quarter of 2002.
They observed an increase in the co-movements of inflations
rates across the countries during the last two decades of their study.
target can enhance central bank credibility in many ways.
rates have been trending lower since the start of 2012.
In most industrialized economies, periods of above average inflation
tend to be associated with above average economic activity, for example, as measured by a relatively low unemployment rate.
At the time, most economists believed that, under certain conditions, inflation
could be a good thing.