The papers published in this book were presented and dis cussed on occasion of the celebration of Albert Kervyn de Lettenhove's retirement on 29-30 May 1986. Th

In the decade of the 1970s the U.S. economy experienced its worst performance in four decades. Rising U.S. inflation and stagnant productivity growth were respo

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i