What if the Fed had been an inflation nutter?
AbstractA structural rational expectations model of US monetary policy is used to make a counterfactual experiment of a strongly inflation averse Federal Reserve Bank. Results for US interest rates, output, and inflation over 1965-1999 are discussed.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 36 (2004)
Issue (Month): 13 ()
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Web page: http://www.tandfonline.com/RAEC20
Other versions of this item:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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