Mavroeidis, Sophocles - In: American Economic Review 100 (2010) 1, pp. 491-503
I revisit the question of indeterminacy in US monetary policy using limited-information identification-robust methods. I find that the conclusions of Clarida, GalĂ, and Gernter (2000) that policy was inactive before 1979 are robust, but the evidence over the Volcker-Greenspan periods is...