Paul Volcker

(redirected from Volcker, Paul)

Paul Volcker

An American economist and Chairman of the Federal Reserve from 1979 to 1987. He was credited with ending the high inflation seen in the 1970s. He raised the fed funds rate as high as 20%. This is considered to have contributed to a recession in the early 1980s. However, inflation dropped from 13.5% in 1981 to 3.2% in 1983. He was born in 1927. See also: Stagflation.
References in periodicals archive ?
12) Volcker, Paul and Gyothen, Toyoo (1992) Changing Fortunes: The World's Money and the Threat to American Leadership, Times Books, New York, 1992, Paul293.
They are able to speak about political dynamics but not much else; central bankers are good to talk about markets but not much else " Toyoo Gyothen in Volcker, Paul and Gyothen, Toyoo (1992) Changing Fortunes: The World's Money and the Threat to American Leadership, Times Books, New York, 1992 Paul 307.
Volcker, Paul and Gyothen, Toyoo (1992) Changing Fortunes: The World's Money and the Threat to American Leadership, Times Books, New York, 1992; Volcker, Paul (December 1997) "Global Markets and the Emerging Economies", Lecture in honor of Fritz Leutwiler at The University of Zurich, December 15, 1997; Volcker, Paul (April 2001) "Globalization and the World of finance", The 2001 Hutchinson Lecture, University of Delaware, April 30, 2001.