| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7809 |
| 来源ID | Working Paper 7809 |
| The Expectations Trap Hypothesis | |
| Lawrence J. Christiano; Christopher J. Gust | |
| 发表日期 | 2000-07-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | We explore a hypothesis about the take-off in inflation that occurred in the early 1970s. According to the expectations trap hypothesis, the Fed was pushed into producing the high inflation out of a fear of violating the public's inflation expectations. We compare this hypothesis with the Phillips curve hypothesis, according to which the Fed produced the high inflation as an unfortunate by-product of a conscious decision to jump-start a weak economy. Which hypothesis is more plausible has important implications for what needs to be done to prevent other inflation flare-ups. |
| 主题 | Macroeconomics ; Macroeconomic Models |
| URL | https://www.nber.org/papers/w7809 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565381 |
| 推荐引用方式 GB/T 7714 | Lawrence J. Christiano,Christopher J. Gust. The Expectations Trap Hypothesis. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7809.pdf（1091KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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