Paul Volcker’s Impact on High Inflation and Macroeconomic Policy
Major Macroeconomic Issue Addressed by Paul Volcker During his eight-year term as Chair of the Federal Reserve, from 1979 to 1987, Paul Volcker made resolute efforts to tackle rampant inflation in America (Mankiw, 2020). Inflation refers to a constant increase in the prices of goods and services over time, leading to a decrease in a ... Read More
Pages: 8 Words: 1996