Interest Rates, Inflation, and Federal Reserve Policy since 1980.(Statistical Data Included): 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, 2000. The length of the article is 6908 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 author: This paper characterizes Federal Reserve policy since 1980 as one that actively manages short-term nominal interest rates in order to control inflation and evaluates this policy using a dynamic, stochastic, sticky-price model of the United States economy. The results show that the Fed's policy insulates aggregate output from the effects of exogenous demand-side disturbances and, by calling for a modest but persistent reduction in short-term interest rates following a positive technology shock, helps the economy to respond to supply-side disturbances as it would in the absence of nominal rigidities.

Citation Details
Title: Interest Rates, Inflation, and Federal Reserve Policy since 1980.(Statistical Data Included)
Author: Peter N. Ireland
Publication:Journal of Money, Credit & Banking (Refereed)
Date: August 1, 2000
Publisher: Ohio State University Press
Volume: 32 Issue: 3 Page: 417

Article Type: Statistical Data Included

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