{"id":"https://openalex.org/W1967040367","doi":"https://doi.org/10.2307/1991344","title":"The Success of Anti-Inflation Policies in the United States","display_name":"The Success of Anti-Inflation Policies in the United States","publication_year":1973,"publication_date":"1973-02-01","ids":{"openalex":"https://openalex.org/W1967040367","doi":"https://doi.org/10.2307/1991344","mag":"1967040367"},"language":"en","primary_location":{"id":"doi:10.2307/1991344","doi":"https://doi.org/10.2307/1991344","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1991344","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5087326896","display_name":"George L. W. Perry","orcid":"https://orcid.org/0000-0001-9672-9135","observed_orcids":["https://orcid.org/0000-0001-9672-9135"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"George L. Perry","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5087326896"],"corresponding_institution_ids":[],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":2.0613,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.85903874,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"5","issue":"1","first_page":"569","last_page":"569"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13387","display_name":"Politics, Economics, and Education Policy","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/anti-inflation-policy","display_name":"anti-inflationary policy","score":0.9610000252723694},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.6269999742507935},{"id":"https://openalex.org/keywords/nixon-administration","display_name":"Nixon administration","score":0.4819999933242798},{"id":"https://openalex.org/keywords/economic-stabilization","display_name":"economic stabilization","score":0.7200000286102295},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.75},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.9990000128746033},{"id":"https://openalex.org/keywords/aggregate-demand","display_name":"aggregate demand","score":0.9079999923706055},{"id":"https://openalex.org/keywords/economic-slowdown","display_name":"economic slowdown","score":0.6209999918937683},{"id":"https://openalex.org/keywords/inflation-forecasting","display_name":"inflation forecasting","score":0.6549999713897705},{"id":"https://openalex.org/keywords/us-economy","display_name":"United States economy","score":0.5619999766349792}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6950373649597168},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6498640179634094},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5647851824760437},{"id":"https://openalex.org/C203379541","wikidata":"https://www.wikidata.org/wiki/Q1801078","display_name":"Aggregate demand","level":3,"score":0.5297466516494751},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.5284730792045593},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.48783209919929504},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.46069949865341187},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.44314664602279663},{"id":"https://openalex.org/C2777242750","wikidata":"https://www.wikidata.org/wiki/Q31351","display_name":"Slowdown","level":2,"score":0.4344191253185272},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.32040148973464966},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3200545907020569},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.16827434301376343},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.16458478569984436},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.10554134845733643},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1991344","doi":"https://doi.org/10.2307/1991344","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1991344","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mcb:jmoncb:v:5:y:1973:i:1:p:569-93","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0022-2879%28197302%295%3A1%3C569%3ATSOAPI%3E2.0.CO%3B2-B&origin=bc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","score":0.7300000190734863,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W40048283","https://openalex.org/W598462412","https://openalex.org/W658298800","https://openalex.org/W1501126163","https://openalex.org/W1605145565","https://openalex.org/W1983654936","https://openalex.org/W2041662795","https://openalex.org/W2057361812","https://openalex.org/W2074279401","https://openalex.org/W2080243400","https://openalex.org/W2334596671","https://openalex.org/W2515296301","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W1484138062","https://openalex.org/W2329136214","https://openalex.org/W7136338366","https://openalex.org/W7097238435","https://openalex.org/W1606460732","https://openalex.org/W3123483100","https://openalex.org/W2523813733","https://openalex.org/W4312843828","https://openalex.org/W4312930598","https://openalex.org/W4312490494"],"abstract_inverted_index":{"The":[14],"Fall":[1],"of":[2,16,45,70,85,103,113,115,126,159,210,239,247],"1971":[3],"is":[4,193,243,253],"not":[5,131],"a":[6,11,36,54,75,133,137,254,258],"timely":[7],"moment":[8],"to":[9,38,89,109,146,195],"write":[10],"paper":[12,65],"evaluating":[13],"Success":[15],"Anti-Inflation":[17],"Policies":[18],"in":[19,57,92,119,188,205,230,251],"the":[20,42,71,82,101,111,123,156,208,218,222,231,237,240],"United":[21],"States.":[22],"It":[23],"should":[24],"be":[25,53],"written":[26],"about":[27,139,221],"this":[28,64,121,215],"time":[29,238],"next":[30],"year":[31,216],"when":[32],"we":[33,212],"have":[34,78,143,151,184,213],"had":[35,162,214],"chance":[37],"see":[39],"at":[40,236],"least":[41],"initial":[43],"results":[44,149],"President":[46],"Nixon's":[47],"new":[48],"anti-inflation":[49],"program":[50],"which":[51],"will":[52],"unique":[55],"chapter":[56],"our":[58,93],"experience.":[59],"As":[60],"it":[61,192],"is,":[62],"perhaps":[63],"can":[66],"serve":[67],"as":[68],"documentation":[69],"need":[72],"for":[73],"such":[74],"program.":[76],"We":[77],"just":[79,244],"been":[80,152,163,234],"through":[81],"biggest":[83,124],"failure":[84,125],"conventional":[86,96,127,140],"stabilization":[87,97],"policy":[88,98,128],"control":[90,110],"inflation":[91,211,250],"history.":[94],"By":[95],"I":[99,129,142],"mean":[100],"use":[102],"aggregate":[104,116],"fiscal":[105],"and":[106,175,228],"monetary":[107],"policies":[108],"rate":[112,209],"expansion":[114],"demand.":[117],"And":[118],"grading":[120],"period":[122],"am":[130],"making":[132],"political":[134],"judgment":[135,138],"but":[136],"policies.":[141],"no":[144,182,198],"reason":[145],"think":[147],"that":[148,197,249],"would":[150,181,203],"any":[153],"better":[154],"if":[155,217],"same":[157],"degree":[158],"economic":[160,201,223],"slowdown":[161],"engineered":[164],"by":[165,172],"Arthur":[166],"Okun":[167],"ant":[168],"Hubert":[169],"Humphrey":[170],"than":[171,257],"Paul":[173],"McCracken":[174],"Richard":[176],"Nixon.":[177],"Other":[178],"important":[179],"differences":[180],"doubt":[183],"existed":[185],"with":[186],"policy-making":[187],"different":[189],"hands.":[190],"But":[191],"fair":[194],"say":[196],"economist":[199],"or":[200],"model":[202],"have,":[204],"1969,":[206],"predicted":[207],"correct":[219],"information":[220],"slowdown-about":[224],"real":[225],"GNP":[226],"growth":[227],"unemployment":[229],"intervening":[232],"period-had":[233],"available":[235],"forecast.":[241],"This":[242],"another":[245],"way":[246],"saying":[248],"general":[252],"complicated":[255],"rather":[256],"simple":[259]},"counts_by_year":[],"updated_date":"2026-08-21T09:56:20.448147","created_date":"2016-06-24T00:00:00"}