Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10001868248
Persistent link: https://www.econbiz.de/10001578192
Persistent link: https://www.econbiz.de/10001946101
Persistent link: https://www.econbiz.de/10001597390
Persistent link: https://www.econbiz.de/10003159313
Persistent link: https://www.econbiz.de/10000907521
Persistent link: https://www.econbiz.de/10001578251
Persistent link: https://www.econbiz.de/10001867918
and 1970s? We use counterfactual simulations of an estimated model of the U.S. economy to evaluate alternative monetary … stability only if the Federal Reserve had possessed excellent information regarding the structure of the economy or if it had … acted as if it placed relatively low weight on stabilizing the real economy. Neither condition held true. We document that …
Persistent link: https://www.econbiz.de/10008493870
The literature appears to have reached a consensus that financial globalization has had a "disciplining effect" on monetary policy, as it has reduced the returns from--and hence the temptation for--using monetary policy to stabilize output. As a result, monetary policy over recent years has...
Persistent link: https://www.econbiz.de/10005361467