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        <title>disinflation Flashcards</title>
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        <description>www.flashcardexchange.com: disinflation Flashcards</description>
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        <pubDate>Sun, 12 Feb 2012 06:39:52 PST</pubDate>
        <lastBuildDate>Sun, 12 Feb 2012 06:39:52 PST</lastBuildDate>
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            <title>The Tradeoff between Inflation and Unemployment - Part 2 (April 15)</title>
            <link>http://www.flashcardexchange.com/flashcards/view/793228</link>
            <description>VI. Inertial Inflation and the Costs of Disinflation
A. Recessions and Disinflation
B. The reaction of expectations
C. A numerical example
D. The rule of thumb and the disinflation of the 1980s. 
VII. Rational Expectations
A. The meaning of Rational Expectations
B. The short-run vertical Phillips Curve
C. Implication: costless inflation?
D. A less extreme version of rational expectations: no inertia in expectations, but long-term contracts.  
E. The problem of credibility
VII. Concluding remark: Don't buy the Brooklyn Bridge</description>
            <pubDate>2009-04-19</pubDate>
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