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Soft landings on a bumpy runway

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  • Francesca Eugeni
  • Charles L. Evans

Abstract

Our case study of the 1995 economic slowdown reveals that part of the widespread deterioration in economic indicators was predictable in light of 1994 monetary policy actions. But it was also partly unanticipated due to a modest adverse supply shock in the first quarter of 1995.

Suggested Citation

  • Francesca Eugeni & Charles L. Evans, 1996. "Soft landings on a bumpy runway," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(May), pages 14-27.
    • Handle: RePEc:fip:fedhep:y:1996:i:may:p:14-27:n:v.20no.3
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    References listed on IDEAS

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    1. Lawrence J. Christiano & Martin Eichenbaum & Charles Evans, 1994. "The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds," NBER Working Papers 4699, National Bureau of Economic Research, Inc.
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