Vol. 18 No. 1 (1998)
Jan-Mar / 1998
Published January 1, 1998
How to Cite
Nunes, João Marcus M. 1998. “The U.S. Economy: Are Analysts Missing the Point?”. Brazilian Journal of Political Economy 18 (1):43-56. https://doi.org/10.1590/0101-31571998-1276.
The U.S. economy: are analysts missing the point?
Abstract
The conventional view on the U.S. economy is that economic growth above
“potential” is bad for bonds since it spells inflation. The purpose of this note is to show that
following the Volker deflation (l980-82), the policy regime changed, and greater economic
stability obtained.
JEL Classification: E43; E44; G10.
Keywords: Interest rates bond Market Fed