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Monetary Policy Regimes and the Real Interest Rate

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  • William T. Gavin

Abstract

During the period from 1965 to the end of 2015, the Federal Reserve operated monetary policy in a variety of ways associated with four distinct monetary policy regimes.

Suggested Citation

  • William T. Gavin, 2018. "Monetary Policy Regimes and the Real Interest Rate," Review, Federal Reserve Bank of St. Louis, vol. 100(2), pages 151-169.
    • Handle: RePEc:fip:fedlrv:00101
    DOI: 10.20955/r.2018.151-69
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    References listed on IDEAS

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    Cited by:

    1. Ioannis N. Kallianiotis, 2019. "Monetary Policy, Real Cost of Capital, Financial Markets and the Real Economic Growth," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(1), pages 1-4.
    2. McMillan, David G., 2021. "When and why do stock and bond markets predict US economic growth?," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 331-343.
    3. Afsin Sahin, 2019. "Loom of Symmetric Pass-Through," Economies, MDPI, vol. 7(1), pages 1-25, February.
    4. Beyer, Robert C.M. & Wieland, Volker, 2019. "Instability, imprecision and inconsistent use of equilibrium real interest rate estimates," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 1-14.
    5. Ioannis N. Kallianiotis & Iordanis Petsas, 2020. "The Effectiveness of the Single Mandate of the ECB and the Dual of the Fed," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(4), pages 1-11.
    6. Ioannis N. Kallianiotis, 2021. "Monetary Policy Rules vs Discretion: Social Cost and Benefits," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(5), pages 1-6.
    7. Dr. Ioannis N. Kallianiotis* & J. Kania, 2019. "Monetary Policy: Is the Dual Mandate of the Fed Maximizing the Social Welfare?," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 5(6), pages 112-142, 06-2019.

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    More about this item

    JEL classification:

    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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