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The Fight Against Inflation: A Comment

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journal contribution
posted on 1995-07-01, 00:00 authored by Allan MeltzerAllan Meltzer

The development of rational expectations is one of the most important, and intellectually exciting, developments of economic theory in recent decades. Implications for economic theory, econometric theory and practice and for economic policy continue to flow, and it is both safe - and rational - to expect that we are nearer to the beginning than to the end of these developments.




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