Federal Credit, Private Credit, and Economic Activity
The Federal Open Market Committee has been monitoring total domestic nonfinancial debt since early 1983. The evidence reported in this paper shows that the federal and non-federal (" private") components of the debt have significantly different impacts on economic activity. Thus, monitoring total debt, rather than its major subcomponents, implies that the Federal Open Market Committee is ignoring important information contained in a more disaggregated analysis. Copyright 1990 by Ohio State University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 22 (1990)
Issue (Month): 4 (November)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879 |
When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:22:y:1990:i:4:p:444-64. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.