What if the Fed had been an inflation nutter?
Author: Söderlind, Paul
Source: Applied Economics, Volume 36, Number 13, 2004 , pp. 1471-1473(3)
Abstract:A structural rational expectations model of US monetary policy is used to make a counterfactual experiment of a strongly inflation averse Federal Reserve Bank. Results for US interest rates, output, and inflation over 1965-1999 are discussed.
Document Type: Research Article
Publication date: 2004