%PDF-1.6
%
7 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
6 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
5 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
8 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
2 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
4 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
1 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
3 0 obj
<>/BBox[0 0 612 792]/Length 8>>stream
x
endstream
endobj
9 0 obj
<>stream
application/pdf
Historical Lessons About U.S. Inflation
en
Special Commentary
Jay Bryson
Is Higher Inflation on the Way?
Using History to Shed Light on the Present
The Late 1960s: Guns and Butter
The Oil Price Shocks of the 1970s
The Late 1980s: Expansionary Macroeconomic Policies Redux
The Current Conjuncture: Back to the Future?
Return to Double-digit Inflation? Not so Fast
Conclusion
Endnotes
2021-03-15T06:00:33-04:00
Apache FOP Version 2.3; modified using iText 2.1.7 by 1T3XT
1.5
Phone: 704-410-3274; Email: jay.bryson@wellsfargo.com
Managing Director
True
https://wellsfargo.bluematrix.com
PDF
Print
BlueMatrix
2021-03-18T05:45:48-04:00
2021-03-15T06:00:33-04:00
2021-03-18T05:45:48-04:00
endstream
endobj
10 0 obj
<>stream
x+ |
endstream
endobj
11 0 obj
<>stream
xS**T0T0 Bi yn)
endstream
endobj
12 0 obj
<>stream
x+ |
endstream
endobj
13 0 obj
<>stream
xS**T0T0 Bi y\'
endstream
endobj
14 0 obj
<>stream
x+ |
endstream
endobj
15 0 obj
<>stream
xS**T0T0 Bi yJ%
endstream
endobj
16 0 obj
<>stream
x+ |
endstream
endobj
17 0 obj
<>stream
xS**T0T0 Bi yw*
endstream
endobj
18 0 obj
<>stream
x+ |
endstream
endobj
19 0 obj
<>stream
xS**T0T0 Bi ye(
endstream
endobj
20 0 obj
<>stream
x+ |
endstream
endobj
21 0 obj
<>stream
xS**T0T0 Bi y8#
endstream
endobj
22 0 obj
<>stream
x+ |
endstream
endobj
23 0 obj
<>stream
xS**T0T0 Bi yA$
endstream
endobj
24 0 obj
<>stream
x+ |
endstream
endobj
25 0 obj
<>stream
xS**T0T0 Bi yS&
endstream
endobj
26 0 obj
<>/PageLabels 29 0 R/Pages 30 0 R/ViewerPreferences<>>>
endobj
30 0 obj
<>
endobj
27 0 obj
<>/Type/StructTreeRoot/K[39 0 R]/ParentTree<>>>
endobj
29 0 obj
<>
endobj
28 0 obj
<>
endobj
31 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 0/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
32 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 1/Annots[61 0 R 62 0 R 63 0 R]/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
33 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 5/Annots[67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R]/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
34 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 13/Annots[77 0 R 78 0 R 79 0 R 80 0 R]/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
35 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 18/Annots[84 0 R 85 0 R 86 0 R 87 0 R 88 0 R]/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
36 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 24/Annots[92 0 R 93 0 R 94 0 R 95 0 R]/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
37 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 29/Annots[97 0 R 98 0 R 99 0 R]/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
38 0 obj
<>/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]/Font<>/XObject<>>>/CropBox[0 0 612 792]/Parent 30 0 R/StructParents 33/MediaBox[0 0 612 792]/TrimBox[0 0 612 792]>>
endobj
39 0 obj
<
>
endobj
40 0 obj
<>
endobj
41 0 obj
<>
endobj
42 0 obj
<>
endobj
697 0 obj
<>/ProcSet[/PDF/ImageB/ImageC/Text]/Font<>>>
endobj
43 0 obj
<>stream
x][q~?/"E`\0b`1SH(}G*5[Ootou/Թ)>vdܙ/JڦT`
ts꡵ԩϭ_O?PÐ*}ԏ8\N]uM_
)U_\tgFPRf;lT'c/AoKט;km8N?D/MD_lކ_H_0hߞݿ>˧s>>|>{ZΟ:A !"T4YjwHU~<<y*oϧ?|)P4V8imw:I$7q?yj/Mel,"ڰPfyO}h;5kR`vaٮQ
?e<96]G\-ChRee]_f./cj7ϥv]X]}jV[apQn<6կo{ާi aYdӗZnYZ
H(?qPѻ62!DwzBGgӟ&bFQ.=UnM\G?wsNċ?IϘNZCFU|h^?XC6u*P\#A<;OibBg7ivB,Q(-QFtG[ӱ$N[skBńT:i̭`SP:)\3ֵ45N-/_&qe窡c
ɪ5Va7QE?Q7FlM]
f9ulgĒvZDIߩ|i V/-Fpbn4/'M7V:&Thǭ~Wh!~C\5fYbɛD)41a9o&(* KBv
¼vSwg`!2eĒxX(:P:* [dVuIk_PU%K+UU3mJU9ez^vÍ\~c e*ȱ%!"t1;rbua\zLfpj֡)*^3$N~ B^aZ>$F|+j:1ʼnȿB5\#P 1&v"yjrL3&qgQ$h(3WpQ"7Xom",WJK`Er*cq2MB%il^wL3.q$+5FEԎ2AOTJ]EgdB!hLUa5NS)]TqiM5וxAE;c;S=~,V
A=GJJJo4oXocx#ˬX/'k3&{UV43ݞ[åv))_rJTd,$튵*S\HwF+Ve=wOu9*Z-C3 SXP>̐Q[fM%_Nc٨cPФ_4'UYMU4e[_Glk&nҪEA!-ʺI7eӬZSvTX7niZ"YձSATVԉm"VTDA?K٥m1&eyfBeVFf
PMӃΔu_gu6l˧Rf4{[ޕ?]}̠E|^染ppiE5ewmTCDhG7+nü$ߵՓlw&]'PxwF2S:f7rSjV IF^HĦX
PM/gE.~<R_1GNDɽZѱ
6T<U*-/Q.Ψ"S.,${(e;AcXZ|E{z7E[܁Cv^_uqj$'J]]Gnq9v#LS܀Ľ\GIwPF5k:8Шrj{ڙ3{G( aU\(*]"րD|AY{R
~ѷYa$pj h"Za֩"
dZ*
q( ٨R2/uMb&{}*w3lyE옵uo/7/,(YEA[N.ZnSܽxjC<"nvE,"xrf _ZAaٻVD,E h]dWCDW"4C,;jv-اs]&aT>u!}k"p!6}̰hGeW*: ևW:O&[LA)i3FحK:eZ\"ɒ,aX4b"ZHpddLgg?9Df@"ͳ?"nA6Η/[Сa3
y&T$Wnd^ާϭ^ߎľ/ggD>Q^y+&h1!^ irtS |P-xíwC'i͂)BL+0'NL-K`.)"XDN*Dnax'M(06"\ӼS5]
\ʖAC`f
8PH3%01~-,5^%Rl' `OX>
dyp6l
}~BCc(Z7v 'G<γpm'FOm]()ei82v@N)3ȰT>
&`3zt0.!<`~8oUxV:1MSm$X1