| Preface | |
| 1 | The Rise and Fall of U.S. Inflation | 1 |
| 2 | Ignoring the Lucas Critique | 14 |
| 3 | The Credibility Problem | 20 |
| 4 | Credible Government Policies | 31 |
| 5 | Adaptive Expectations (1950's) | 50 |
| 6 | Optimal Misspecified Beliefs | 59 |
| 7 | Self-Confirming Equilibria | 68 |
| 8 | Adaptive Expectations (1990's) | 87 |
| 9 | Econometric Policy Evaluation | 122 |
| 10 | Triumph or Vindication? | 130 |
| Glossary | 135 |
| References | 137 |
| Author Index | 145 |
| Subject Index | 147 |