Monetary policy and the great inflation in the United States

This unique book deals with the most serious macroeconomic failure experienced in the US in the post-war period, the great inflation of the late 1960s and 1970s. It is the first detailed analysis, using Federal Reserve documents, of the thinking behind the inflationary monetary policy during this period. Monetary Policy and the Great Inflation in the United States will be welcomed by economists, political scientists and economic historians interested in monetary policy.