The threat of inflation: hearings before the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One hundredth Congress, first session, June 4, 10, 11, and 17, 1987, Volume 4
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Kudlow Lawrence chief economist Bear Stearns and Company New York
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acceleration Administration average behavior billion Brinner budget deficit business cycle Chairman Neal Chart checkable deposits commodity prices conduct of monetary Consumer Price Index Darby debt decline depreciation discount rate disinflation disinflationary dollar appreciation domestic early economic growth economists effect energy prices exchange rate expectations factors Federal funds rate Federal Reserve forecast foreign exchange markets fourth quarter going growth and inflation higher inflation impact import prices income indicators industrial inflation rate inflationary pressures interest rates lower dollar McCollum Ml growth Ml-A monetarist monetary aggregates monetary growth money growth money supply Mussa nominal GNP oil prices Paul Volcker percent annual rate Percent Change percentage point period price increases price inflation problem production protectionism rapid rate of inflation recent recession reduce relative price result resurgence of inflation rise sector spending stability subcommittee substantial tion trade deficit trend U.S. dollar U.S. economy wage