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The importance of systematic monetary policy for economic activity Author info | Abstract | Publisher info | Download info | Related research | Statistics Michael Dotsey
How the Federal Reserve reacts to economic activity has significant implications for the way the economy behaves. Yet the importance of these responses has received limited attention in the economic literature. Much of the literature devoted to the economic effects of monetary policy concentrates on the impact of random monetary policy shocks. By contrast, the author analyzes the economic consequences of the systematic behavior of the monetary authority.
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Article provided by Federal Reserve Bank of Richmond in its journal Economic Quarterly .
Volume (Year): (1999)
Issue (Month): Sum ()
Pages: 41-60
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Handle: RePEc:fip:fedreq:y:1999:i:sum:p:41-60Contact details of provider: Web page: http://www.richmondfed.org/ More information through EDIRC
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Keywords: Monetary policy Interest rates Other versions of this item:
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Chahnez Boudaya, 2005.
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"The monetary instrument matters ,"
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Other versions: Michael Dotsey, 1999.
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Andreas Hornstein & Michael Dotsey, 2002.
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Bennett T. McCallum, 1999.
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Luca Dedola & Stefano Neri, 2006.
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[Downloadable!] (restricted) Dedola, Luca & Neri, Stefano, 2007.
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