1. See Ben Bernanke (2004), "The Great Moderation," speech delivered at the meetings of the Eastern Economic Association, Washington, February 20; Ben Bernanke (2022), "Inflation Isn't Going to Bring Back the 1970s," New York Times, June 14. Return to text
2. See Paul A. Volcker (1979), "Statement before the Joint Economic Committee of the U.S. Congress, October 17, 1979," Federal Reserve Bulletin, vol. 65 (November), p. 888. Return to text
3. A review of the applications of rational inattention in monetary economics appears in Christopher A. Sims (2010), "Rational Inattention and Monetary Economics," in Benjamin M. Friedman and Michael Woodford, eds., Handbook of Monetary Economics, vol. 3 (Amsterdam: North-Holland), pp. 155–81. Return to text
4. See Alan Greenspan (1989), "Statement before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, February 21, 1989," Federal Reserve Bulletin, vol. 75 (April), pp. 274–75. Return to text