Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy
AbstractOn October 6. 1979, the Federal Reserve announced what most people interpreted as a change in monetary policy. The purpose of this paper is to estimate the effects of this change on the 1980-81 economy. The effects of the change are estimated from simulations with my model of the U.S. economy (1976, 1980b).
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0538.
Date of creation: Aug 1980
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- P. Krugman & L. Taylor, 1976.
"Contractionary Effects of Devaluations,"
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