The objectives and priorities of monetary policy under different Federal Reserve chairmen.: An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on August 1, 1990. The length of the article is 5046 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: This paper utilizes a monetary policy reaction function which relates policy intentions to forecasts of policy objectives. Estimates of this reaction function over the post-Accord period suggest that the Burns period was unique. While the Martin and Volcker periods were extremely similar, the Burns period was structurally distinct from both the Martin and Volcker periods. Further, model specifications which allow for an independent influence on monetary policy from different presidential administrations also imply that there are significant differences in monetary policy under different Fed chairmen. (Printed by permission of the publisher.)

Citation Details
Title: The objectives and priorities of monetary policy under different Federal Reserve chairmen.
Author: David R. Hakes
Publication:Journal of Money, Credit & Banking (Refereed)
Date: August 1, 1990
Publisher: Ohio State University Press
Volume: v22 Issue: n3 Page: p327(11)

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