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Monetary Policy Regimes and the Real Interest Rate

Author

Listed:
  • Gavin, William T.

    () (Federal Reserve Bank of St. Louis)

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

  • Gavin, William T., 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
    as

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    File URL: https://doi.org/10.20955/r.2018.151-69
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    References listed on IDEAS

    as
    1. William T. Gavin & Finn E. Kydland, 1999. "Endogenous Money Supply and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(2), pages 347-369, April.
    2. Gavin, William T. & Keen, Benjamin D. & Richter, Alexander W. & Throckmorton, Nathaniel A., 2015. "The zero lower bound, the dual mandate, and unconventional dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 55(C), pages 14-38.
    3. Joseph E. Gagnon & Brian Sack, 2014. "Monetary Policy with Abundant Liquidity: A New Operating Framework for the Fed," Policy Briefs PB14-4, Peterson Institute for International Economics.
    4. Lucia Foster & John C. Haltiwanger & C. J. Krizan, 2001. "Aggregate Productivity Growth: Lessons from Microeconomic Evidence," NBER Chapters,in: New Developments in Productivity Analysis, pages 303-372 National Bureau of Economic Research, Inc.
    5. J. Bradford DeLong, 1997. "America's Peacetime Inflation: The 1970s," NBER Chapters,in: Reducing Inflation: Motivation and Strategy, pages 247-280 National Bureau of Economic Research, Inc.
    6. Gomme, Paul & Ravikumar, B. & Rupert, Peter, 2015. "Secular Stagnation and Returns on Capital," Economic Synopses, Federal Reserve Bank of St. Louis, issue 19.
    7. Fawley, Brett W. & Neely, Christopher J., 2013. "Four stories of quantitative easing," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 51-88.
    8. Caballero, Ricardo J & Hammour, Mohamad L, 1994. "The Cleansing Effect of Recessions," American Economic Review, American Economic Association, vol. 84(5), pages 1350-1368, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • 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
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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