1 See Ben Bernanke (2004), “The Great Moderation,” speech delivered at the meetings of the Eastern Economic  Association, Washington, February 20; Ben Bernanke (2022), “Inflation Isn’t Going to Bring Back the 1970s," New York Times, June 14. 2 See Paul A. Volcker (1979), “Statement before the Joint Economic Committee of the U.S. Congress, October 17,  1979," Federal Reserve Bulletin, vol.
65 (November), p. 888. 3 A review of the applications of rational inattention in monetary economics appears in Christopher A. Sims  (2010), “Rational Inattention and Monetary Economics,” in Benjamin M. Friedman and Michael Woodford, eds., Handbook of Monetary Economics, vol. 3 (Amsterdam: North-Holland), pp. 155–81.