Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
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Open Access
- 1 February 2000
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 115 (1) , 147-180
- https://doi.org/10.1162/003355300554692
Abstract
We estimate a forward-looking monetary policy reaction function for the postwar United States economy, before and after Volcker's appointment as FedKeywords
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