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The politics of disinflation

Abstract:

What explains the shift from the moderate to high inflation rates of the Golden Age of post -war capitalism to the low inflation regime of monetarism in the 1970s and 1980s? Conventional views emphasise the rise of monetarism as a new economic paradigm that convinced policy makers to delegate monetary policy to conservative and independent central banks – a view that comes in many variants, from constructivist to orthodox economics. In contrast to these arguments, we introduce e...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Social Policy & Intervention
Oxford college:
St Antony's College
Role:
Author
ORCID:
0000-0003-4245-3932
Publisher:
LSE Publisher's website
Issue:
127
Series:
LSE ‘Europe in Question’ Discussion Paper Series
Host title:
LSE Europe in Question Discussion Paper Series
Publication date:
2017-12-01
Source identifiers:
920642
Keywords:
Pubs id:
pubs:920642
UUID:
uuid:8d04c430-f5a5-4a2a-9229-44cc31bcae83
Local pid:
pubs:920642
Deposit date:
2018-09-20

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