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And, indeed, the reduction in inflation has been remarkable.
Ford fared well, presiding over a dramatic reduction in inflation.
Indeed, the long-term reduction in inflation goes back well before then: inflation peaked at 27% in August 1975.
In emerging economies, the reduction in inflation has involved a smaller sacrifice in terms of lost output than other policy regimes.
Reagan benefited in the election of 1984 from a high degree of personal popularity, from the reduction in inflation, and from the beginnings of economic recovery.
He also spoke of the need for economic reforms, saying that an inspection of public spending and a reduction in inflation were both necessary "to remedy the disparities in income, and thus to bring about a social state of law".
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He argued that any reductions in inflation from falling oil prices were likely to only be partial, noting that there was also always the potential of a severe energy price shock.
Reductions in inflation ratio during counterpulsation weaning progressively worsens cerebral autoregulation efficiency with the potential risk of cerebral hypoperfusion.
Our estimates imply that a reduction in average inflation from 10 percent to 5 percent substantially alters the short-run impact of aggregate demand.And they conclude:In countries with low inflation, the short-run Phillips curve is relatively flat-fluctuations in nominal aggregate demand have large effects on output.
One is left wondering how an actual reduction in the inflation rate is to be achieved.
If you're a hospital executive, you're now saying: 'I need to figure out how I'm going to adjust to this.' " Over the long term, a reduction in health inflation could be a boon for both families and the federal government.
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