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Economic Commentary

Breaking the Inflation-Recession Cycle

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In a recent speech to a Toronto business group, Federal Reserve Bank of Cleveland President W. Lee Hoskins presented his prescription for attaining maximum sustainable economic growth in the coming decade: a policy of price stability that will thwart the damaging cycle of inflation and recession.

10.15.1989ISSN 2163-3738 EC 10/15/1989

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Hoskins, W. Lee. 1989. “Breaking the Inflation-Recession Cycle.” Federal Reserve Bank of Cleveland, Economic Commentary 10/15/1989.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International