Lindsey, David E; Orphanides, Athanasios; Rasche, Robert H - C.E.P.R. Discussion Papers - 2005
This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences …) meetings during 1979. We then present and discuss in detail the reasons for the FOMC’s adoption of the reform and the … the reform were consistent with monetarism, new, neo, or old-fashioned Keynesianism, nominal income targeting, and …